The stock of BSQUARE Corporation (NASDAQ:BSQR) hit a new 52-week low and has $3.39 target or 13.00% below today’s $3.90 share price. The 6 months bearish chart indicates high risk for the $46.66M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $3.39 price target is reached, the company will be worth $6.07M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,196 shares traded hands. BSQUARE Corporation (NASDAQ:BSQR) has declined 32.09% since April 7, 2016 and is downtrending. It has underperformed by 36.87% the S&P500.
Analysts await BSQUARE Corporation (NASDAQ:BSQR) to report earnings on November, 10.
According to Zacks Investment Research, “BSquare Corporation provides a broad range of products and services that facilitate the creation and deployment of a class of devices called Intelligent Computing Devices. Original Equipment Manufacturers, semiconductor vendors, original design manufacturers, software developers, value-added resellers, Internet service providers and network service providers rely on their products and services to help bring customized intelligent computing devices and their applications to market quickly at lower cost and with higher quality.”
Insitutional Activity: The institutional sentiment decreased to 0.29 in Q2 2016. Its down 0.53, from 0.82 in 2016Q1. The ratio dropped, as 11 funds sold all BSQUARE Corporation shares owned while 13 reduced positions. 2 funds bought stakes while 5 increased positions. They now own 3.55 million shares or 18.16% less from 4.34 million shares in 2016Q1.
Tfs Capital Ltd Llc has 16,963 shares for 0.02% of their US portfolio. Vanguard Gp, a Pennsylvania-based fund reported 582,228 shares. Moreover, Jacobs Levy Equity Management has 0% invested in BSQUARE Corporation (NASDAQ:BSQR) for 35,807 shares. Deutsche Savings Bank Ag accumulated 13,533 shares or 0% of the stock. Gsa Prns Llp last reported 0.02% of its portfolio in the stock. Perritt Mngmt accumulated 0.08% or 56,100 shares. Geode Cap Lc accumulated 0% or 51,409 shares. The Texas-based Eagle Glob Advsrs Llc has invested 0.01% in BSQUARE Corporation (NASDAQ:BSQR). Blackrock Fund accumulated 0% or 30,059 shares. Tortoise Invest Management Limited Company has invested 0% of its portfolio in BSQUARE Corporation (NASDAQ:BSQR). Nationwide Fund, a Pennsylvania-based fund reported 700 shares. Moreover, Numeric Investors Ltd Liability has 0% invested in BSQUARE Corporation (NASDAQ:BSQR) for 27,700 shares. National Bank Of New York Mellon holds 12,425 shares or 0% of its portfolio. Earnest Prns Ltd Liability Com, a Georgia-based fund reported 4,500 shares. Ladenburg Thalmann Fincl Serv Inc owns 2,308 shares or 0% of their US portfolio.
Insider Transactions: Since May 26, 2016, the stock had 2 insider purchases, and 1 sale for $82,654 net activity. 12 shares were sold by Wagstaff David, worth $65 on Thursday, May 26. 10,000 shares were bought by Harries Andrew Stanley Guy, worth $61,234 on Tuesday, June 7. On Tuesday, June 7 the insider Chase Jerry D bought $21,485.
More notable recent BSQUARE Corporation (NASDAQ:BSQR) news were published by: Prnewswire.com which released: “Bsquare Corporation Schedules Third Quarter 2016 Earnings Conference Call” on October 27, 2016, also Prnewswire.com with their article: “Bsquare DataV Selected by Global Smart Grid / Smart City Provider” published on November 03, 2016, Prnewswire.com published: “Bsquare Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)” on October 07, 2016. More interesting news about BSQUARE Corporation (NASDAQ:BSQR) were released by: Prnewswire.com and their article: “Bsquare Corporation Schedules Second Quarter 2016 Earnings Conference Call” published on July 20, 2016 as well as Seekingalpha.com‘s news article titled: “BSQUARE Corporation’s (BSQR) CEO Jerry Chase on Q2 2017 Results – Earnings …” with publication date: August 06, 2016.
BSQR Company Profile
BSQUARE Corporation, incorporated on July 15, 1994, resells software from Microsoft Corporation (Microsoft) and provides software solutions and related engineering services to companies that develop smart, connected systems. A smart, connected system is a dedicated purpose computing device that typically has a display, runs an operating system (Microsoft Windows or Google Android platform) and is connected to a network or data cloud through a wired or wireless connection. The Company’s smart, connected systems include set-top boxes, home gateways, point-of-sale terminals, kiosks, voting machines, gaming platforms, tablets, handheld data collection devices, personal media players, smart phones, smart vending machines, automated teller machines (ATMs), casino gaming machines, digital signs and in-vehicle telematics and entertainment devices. It is focused on smart, connected systems that utilize various Microsoft Windows Embedded and Windows Mobile operating systems, as well as devices running on other operating systems, such as Android, Linux and QNX. The Firm operates in North America, Asia and Europe.
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