CSP Inc. (NASDAQ:CSPI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.50 and traded as low as $11.65. CSP shares last traded at $11.65, with a volume of 12,790 shares changing hands.
CSP Stock Performance
The business has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $14.50. The stock has a market capitalization of $114.90 million, a P/E ratio of -68.53 and a beta of 0.88.
CSP (NASDAQ:CSPI - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The information technology services provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $15.45 million for the quarter. CSP had a negative net margin of 2.78% and a negative return on equity of 3.35%.
CSP Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.03 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. CSP's dividend payout ratio (DPR) is -70.59%.
Hedge Funds Weigh In On CSP
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Visionary Wealth Advisors boosted its position in shares of CSP by 15.4% in the 4th quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider's stock valued at $12,323,000 after purchasing an additional 102,544 shares during the period. Geode Capital Management LLC boosted its position in shares of CSP by 113.0% in the 2nd quarter. Geode Capital Management LLC now owns 158,355 shares of the information technology services provider's stock valued at $2,049,000 after purchasing an additional 83,999 shares during the period. Northern Trust Corp boosted its position in shares of CSP by 39.9% in the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after purchasing an additional 11,075 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of CSP by 66.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,800 shares of the information technology services provider's stock valued at $457,000 after purchasing an additional 11,850 shares during the period. Finally, Millennium Management LLC boosted its position in shares of CSP by 19.5% in the 4th quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock valued at $459,000 after purchasing an additional 4,659 shares during the period. Institutional investors and hedge funds own 26.74% of the company's stock.
CSP Company Profile
(
Get Free Report)
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.
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