CSP (NASDAQ:CSPI) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• CSP Inc. (NASDAQ:CSPI) stock price fell below its 200-day moving average of $13.56, trading as low as $11.11 and closing at $11.28.
• The company reported a quarterly earnings loss of ($0.03) EPS and a revenue of $15.45 million, along with a negative return on equity of -3.35%.
• CSP recently announced a quarterly dividend of $0.03 per share, representing a 1.1% yield based on an annualized payout of $0.12.

CSP Inc. (NASDAQ:CSPI - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.56 and traded as low as $11.11. CSP shares last traded at $11.28, with a volume of 24,132 shares trading hands.

CSP Trading Up 2.0%

The firm has a market capitalization of $131.24 million, a PE ratio of -78.29 and a beta of 0.79. The business's 50 day simple moving average is $11.55 and its two-hundred day simple moving average is $13.50.

CSP (NASDAQ:CSPI - Get Free Report) last announced its earnings results on Thursday, August 14th. The information technology services provider reported ($0.03) earnings per share for the quarter. The company 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. CSP's payout ratio is currently -70.59%.

Institutional Investors Weigh In On CSP

Several hedge funds and other institutional investors have recently modified their holdings of CSPI. Geode Capital Management LLC increased its stake 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 worth $2,049,000 after purchasing an additional 83,999 shares in the last quarter. Visionary Wealth Advisors increased its stake in shares of CSP by 5.7% in the 2nd quarter. Visionary Wealth Advisors now owns 740,187 shares of the information technology services provider's stock worth $9,578,000 after purchasing an additional 39,738 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CSP in the 4th quarter worth $256,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of CSP in the 1st quarter worth $186,000. Finally, Goldman Sachs Group Inc. increased its stake 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 worth $457,000 after purchasing an additional 11,850 shares in the last quarter. 26.74% of the stock is currently owned by hedge funds and other institutional investors.

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.