CSP (NASDAQ:CSPI - Get Free Report) posted its quarterly earnings results on Monday. The information technology services provider reported $0.05 earnings per share for the quarter, Zacks reports. CSP had a negative return on equity of 0.91% and a negative net margin of 0.78%.
CSP Price Performance
CSPI traded down $1.05 during mid-day trading on Thursday, hitting $18.87. The stock had a trading volume of 37,127 shares, compared to its average volume of 32,082. The stock's fifty day simple moving average is $17.26 and its 200-day simple moving average is $14.84. The firm has a market capitalization of $186.44 million, a price-to-earnings ratio of -377.32 and a beta of 1.47. CSP has a 1-year low of $10.76 and a 1-year high of $29.92.
CSP Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. CSP's dividend payout ratio is currently -239.95%.
About CSP
(
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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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