CSP - CSPI Stock Forecast, Price & News

CSP Inc. develops and markets IT integration solutions, security products, managed IT 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. This segment also offers professional IT consulting services, such as planning, designing, assessment, implementation, migration, optimization, and project management; storage and virtualization solutions; enterprise security intrusion prevention, network access control, and unified threat management services; and IT security compliance services. In addition, this segment provides unified communications, wireless, and routing and switching solutions; custom software applications and solutions development and support services; optimization, maintenance, and technical support services; and managed IT services, such as monitoring, reporting, and management of alerts for the resolution and preventive general IT, as well as IT security support tasks. Further, this segment offers managed and cloud services, such as proactive monitoring and remote management of IT infrastructure, managed and hosted unified communication services, security, and backup and replication. The High Performance Products segment offers ARIA Software-Defined Security, a cybersecurity solution; Myricom network adapters; and multicomputer products for digital signal processing applications in the defense markets. CSP Inc. was incorporated in 1968 and is headquartered in Lowell, Massachusetts.

CSP Stock Performance

NASDAQ:CSPI opened at $8.12 on Friday. The stock has a fifty day moving average price of $8.53 and a 200-day moving average price of $8.03. The company has a market cap of $36.99 million, a price-to-earnings ratio of 29.07 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.12 and a current ratio of 2.38. CSP has a fifty-two week low of $6.61 and a fifty-two week high of $9.98.

CSP Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.48%.

Insider Activity

In other CSP news, insider Joseph R. Nerges purchased 5,359 shares of the stock in a transaction dated Friday, August 12th. The stock was bought at an average price of $8.30 per share, with a total value of $44,479.70. Following the acquisition, the insider now owns 513,839 shares of the company's stock, valued at $4,264,863.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CSP news, insider Joseph R. Nerges purchased 4,500 shares of the stock in a transaction dated Friday, June 10th. The stock was bought at an average price of $9.30 per share, with a total value of $41,850.00. Following the acquisition, the insider now owns 501,923 shares of the company's stock, valued at $4,667,883.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph R. Nerges purchased 5,359 shares of the stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of $8.30 per share, with a total value of $44,479.70. Following the acquisition, the insider now directly owns 513,839 shares in the company, valued at approximately $4,264,863.70. The disclosure for this purchase can be found here. In the last three months, insiders purchased 19,220 shares of company stock worth $170,086. 12.90% of the stock is currently owned by company insiders.