CSP (NASDAQ:CSPI) Shares Cross Above 200-Day Moving Average of $13.81

CSP Inc. (NASDAQ:CSPI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.81 and traded as high as $14.52. CSP shares last traded at $14.33, with a volume of 64,460 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on CSPI. TheStreet cut shares of CSP from a "b-" rating to a "c" rating in a research note on Thursday, February 15th. StockNews.com cut shares of CSP from a "buy" rating to a "hold" rating in a research note on Wednesday, February 14th.

CSP Trading Down 2.4 %

The firm has a market capitalization of $135.80 million, a PE ratio of 32.51 and a beta of 1.24. The business's 50 day simple moving average is $19.32 and its 200 day simple moving average is $13.81.

CSP (NASDAQ:CSPI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported ($0.01) EPS for the quarter. CSP had a return on equity of 8.76% and a net margin of 6.33%. The business had revenue of $15.38 million during the quarter.

CSP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were issued a $0.025 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.10 annualized dividend and a dividend yield of 0.72%. CSP's dividend payout ratio (DPR) is presently 23.26%.

Insider Transactions at CSP

In other news, insider Joseph R. Nerges bought 1,940 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of $17.97 per share, for a total transaction of $34,852.10. Following the acquisition, the insider now owns 1,335,366 shares of the company's stock, valued at $23,989,850.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders bought 3,140 shares of company stock worth $57,400. 15.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CSP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSPI. Navellier & Associates Inc. bought a new stake in CSP during the 3rd quarter valued at about $367,000. Visionary Wealth Advisors lifted its holdings in CSP by 0.6% during the 3rd quarter. Visionary Wealth Advisors now owns 284,040 shares of the information technology services provider's stock valued at $4,971,000 after buying an additional 1,722 shares in the last quarter. Finally, EAM Investors LLC bought a new stake in CSP during the 3rd quarter valued at about $1,383,000. Institutional investors own 26.74% of the company's stock.

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.