CSP (CSPI) Stock Forecast, Price & News

CSP's stock was trading at $9.43 at the start of the year. Since then, CSPI stock has increased by 30.6% and is now trading at $12.32.
View the best growth stocks for 2023 here.

CSP saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 800 shares, an increase of 166.7% from the April 30th total of 300 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company's stock are short sold.
View CSP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our CSPI earnings forecast.

CSP Inc. (NASDAQ:CSPI) released its quarterly earnings results on Tuesday, August, 11th. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter. The information technology services provider had revenue of $13.53 million for the quarter. CSP had a net margin of 5.17% and a trailing twelve-month return on equity of 8.20%.
Read the conference call transcript.

CSP announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Thursday, May 25th will be paid a dividend of $0.04 per share on Tuesday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 24th. This is an increase from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for CSPI.

CSP (NASDAQ:CSPI) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.62%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CSPI.

25 employees have rated CSP Chief Executive Officer Victor Dellovo on Glassdoor.com. Victor Dellovo has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CSP investors own include Allena Pharmaceuticals (ALNA), International Paper (IP), BCE (BCE), British American Tobacco (BTI), Cinemark (CNK), CenterPoint Energy (CNP), Corbus Pharmaceuticals (CRBP), Dominion Energy (D), Enbridge (ENB) and Enterprise Products Partners (EPD).

CSP trades on the NASDAQ under the ticker symbol "CSPI."

CSP's stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.76%), Renaissance Technologies LLC (3.49%), Mercer Global Advisors Inc. ADV (0.94%), Envestnet Asset Management Inc. (0.95%) and BlackRock Inc. (0.19%). Insiders that own company stock include C Shelton James, Gary W Levine, Joseph R Nerges, Joseph R Nerges, Mike Newbanks and Victor Dellovo.
View institutional ownership trends.

Shares of CSPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSPI stock can currently be purchased for approximately $12.32.

CSP (NASDAQ:CSPI) has a market capitalization of $58.03 million and generates $54.36 million in revenue each year. The information technology services provider earns $1.89 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 112 workers across the globe.

CSP's mailing address is 175 Cabot Street - Suite 210, Lowell MA, 01854. The official website for the company is www.cspi.com. The information technology services provider can be reached via phone at (978) 954-5038, via email at ir@cspi.com, or via fax at 978-663-0150.