CSP (NASDAQ:CSPI) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• CSP Inc.'s stock price has fallen below its 200-day moving average of $13.44, currently trading at $12.66.
• The company reported a negative earnings per share (EPS) of ($0.03) and a revenue of $15.45 million for the last quarter, indicating financial challenges.
• CSP recently paid a quarterly dividend of $0.03, yielding an annualized dividend of 0.9%, despite having a negative payout ratio.

CSP Inc. (NASDAQ:CSPI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.44 and traded as low as $12.59. CSP shares last traded at $12.66, with a volume of 20,430 shares traded.

CSP Stock Performance

The company has a market capitalization of $124.83 million, a price-to-earnings ratio of -74.47 and a beta of 0.79. The company has a 50-day moving average price of $11.60 and a 200-day moving average price of $13.44.

CSP (NASDAQ:CSPI - Get Free Report) last posted its earnings results on Thursday, August 14th. The information technology services provider reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $15.45 million for the quarter. CSP had a negative return on equity of 3.35% and a negative net margin of 2.78%.

CSP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.03 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. CSP's payout ratio is currently -70.59%.

Hedge Funds Weigh In On CSP

Several institutional investors and hedge funds have recently modified their holdings of CSPI. Northern Trust Corp grew 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. Jane Street Group LLC acquired a new position in shares of CSP in the 4th quarter valued at approximately $256,000. Millennium Management LLC grew 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. OMERS ADMINISTRATION Corp acquired a new position in shares of CSP in the 1st quarter valued at approximately $186,000. Finally, Goldman Sachs Group Inc. grew 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. 26.74% of the stock is currently owned by institutional investors and hedge funds.

About CSP

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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