Shares of CSP Inc. (NASDAQ:CSPI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.39 and traded as high as $15.50. CSP shares last traded at $15.49, with a volume of 10,648 shares traded.
CSP Trading Down 0.1 %
The business has a 50-day moving average price of $17.27 and a 200-day moving average price of $15.50. The stock has a market cap of $151.56 million, a PE ratio of 1,535.54 and a beta of 1.52.
CSP (NASDAQ:CSPI - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The information technology services provider reported $0.05 earnings per share for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.
CSP Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, February 24th. CSP's payout ratio is 1,200.00%.
Hedge Funds Weigh In On CSP
A number of hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC boosted its stake in shares of CSP by 39.2% in the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock worth $73,000 after acquiring an additional 1,277 shares during the last quarter. Barclays PLC acquired a new stake in CSP during the 3rd quarter worth $104,000. Jane Street Group LLC acquired a new stake in CSP during the 4th quarter worth $256,000. 683 Capital Management LLC purchased a new stake in shares of CSP during the fourth quarter worth $321,000. Finally, Millennium Management LLC raised its position in shares of CSP by 19.5% in the fourth quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock valued at $459,000 after buying an additional 4,659 shares during the last quarter. Institutional investors and hedge funds own 26.74% of the company's stock.
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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