Shares of CSP Inc. (NASDAQ:CSPI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.45 and traded as high as $16.36. CSP shares last traded at $15.78, with a volume of 21,873 shares changing hands.
CSP Trading Up 3.0 %
The stock has a market cap of $160.55 million, a price-to-earnings ratio of -324.94 and a beta of 1.44. The stock's 50 day moving average is $15.93 and its two-hundred day moving average is $14.45.
CSP (NASDAQ:CSPI - Get Free Report) last announced its earnings results on Friday, December 20th. The information technology services provider reported ($0.18) EPS for the quarter. CSP had a negative net margin of 0.78% and a negative return on equity of 0.91%.
CSP Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. CSP's dividend payout ratio (DPR) is currently -239.95%.
Institutional Investors Weigh In On CSP
Large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its position in CSP by 122.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider's stock valued at $2,944,000 after buying an additional 108,778 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of CSP in the 2nd quarter worth $503,000. Barclays PLC purchased a new stake in shares of CSP in the third quarter valued at about $104,000. Renaissance Technologies LLC increased its stake in shares of CSP by 3.7% during the second quarter. Renaissance Technologies LLC now owns 442,226 shares of the information technology services provider's stock worth $6,589,000 after acquiring an additional 15,800 shares during the period. Finally, Apis Capital Advisors LLC raised its holdings in CSP by 50.0% during the second quarter. Apis Capital Advisors LLC now owns 36,000 shares of the information technology services provider's stock worth $536,000 after purchasing an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 26.74% of the company's stock.
About CSP
(
Get Free Report)
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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