Switch Inc. Class A (NYSE:SWCH) traded today at a new 52-week high of $34.10. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Switch Inc. Class A (NYSE:SWCH) is currently priced 97.3% above its average consensus analyst price target of $0.90.
Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.
In the past 52 weeks, Switch Inc. Class A share prices are bracketed by a low of $23.00 and a high of $34.10 and is now at $34.09, 48% above that low price.
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