CSP Inc. (NASDAQ:CSPI - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Down 0.3%
The company has a market capitalization of $113.98 million, a PE ratio of -72.25 and a beta of 0.84. The firm has a 50-day moving average of $13.20 and a two-hundred day moving average of $15.41.
CSP (NASDAQ:CSPI - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The information technology services provider reported ($0.01) EPS for the quarter. CSP had a negative return on equity of 3.18% and a negative net margin of 2.75%.
CSP Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. CSP's dividend payout ratio is currently -75.00%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of CSPI. Northern Trust Corp boosted its position in shares of CSP by 39.9% during the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock worth $624,000 after buying an additional 11,075 shares during the period. Jane Street Group LLC acquired a new stake in shares of CSP in the fourth quarter valued at $256,000. 683 Capital Management LLC acquired a new stake in shares of CSP in the fourth quarter valued at $321,000. Millennium Management LLC raised its stake in shares of CSP by 19.5% in the fourth 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. Finally, Visionary Wealth Advisors raised its stake in shares of CSP by 15.4% in the fourth quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider's stock valued at $12,323,000 after acquiring an additional 102,544 shares in the last quarter. 26.74% of the stock is currently owned by hedge funds and other institutional investors.
About CSP
(
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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