CSP (NASDAQ:CSPI) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Shares of CSP Inc. (NASDAQ:CSPI - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.49 and traded as low as $11.77. CSP shares last traded at $11.91, with a volume of 15,886 shares traded.

CSP Stock Performance

The company has a market capitalization of $113.64 million, a P/E ratio of -72.03 and a beta of 0.84. The business has a 50 day moving average of $13.20 and a 200-day moving average of $15.41.

CSP (NASDAQ:CSPI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter. CSP had a negative return on equity of 3.18% and a negative net margin of 2.75%.

CSP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.04%. The ex-dividend date was Wednesday, May 28th. CSP's dividend payout ratio (DPR) is currently -75.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Visionary Wealth Advisors raised 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 worth $12,323,000 after acquiring an additional 102,544 shares in the last quarter. Northern Trust Corp increased its position in CSP by 39.9% during the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after acquiring an additional 11,075 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in CSP by 66.0% during the first 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. Millennium Management LLC grew its holdings in CSP by 19.5% during the fourth 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. Finally, Jane Street Group LLC boosted its stake in shares of CSP by 73.4% in the first quarter. Jane Street Group LLC now owns 27,640 shares of the information technology services provider's stock worth $424,000 after acquiring an additional 11,703 shares during the period. Institutional investors own 26.74% of the company's stock.

CSP Company Profile

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.