CSP Inc. (NASDAQ:CSPI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.84 and traded as high as $17.76. CSP shares last traded at $17.14, with a volume of 20,990 shares traded.
CSP Trading Down 0.8 %
The stock has a market cap of $166.73 million, a P/E ratio of 1,689.19 and a beta of 1.22. The company has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $15.89.
CSP (NASDAQ:CSPI - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The information technology services provider reported $0.05 EPS for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.
CSP Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, February 24th. CSP's dividend payout ratio (DPR) is presently 1,200.00%.
Hedge Funds Weigh In On CSP
Several institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC grew its position in shares of CSP by 39.2% during the 4th quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock worth $73,000 after purchasing an additional 1,277 shares in the last quarter. Barclays PLC acquired a new stake in CSP during the third quarter worth approximately $104,000. Jane Street Group LLC bought a new position in CSP during the 4th quarter worth $256,000. 683 Capital Management LLC acquired a new position in CSP in the 4th quarter valued at $321,000. Finally, Millennium Management LLC raised its holdings in 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 acquiring an additional 4,659 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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