CSP Inc. (NASDAQ:CSPI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.27 and traded as high as $17.94. CSP shares last traded at $17.84, with a volume of 18,489 shares changing hands.
CSP Trading Down 2.0 %
The stock has a market cap of $167.76 million, a P/E ratio of 1,699.70 and a beta of 1.52. The firm's 50-day simple moving average is $17.29 and its 200 day simple moving average is $15.31.
CSP (NASDAQ:CSPI - Get Free Report) last issued 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, February 24th. CSP's dividend payout ratio is currently 1,200.00%.
Hedge Funds Weigh In On CSP
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Visionary Wealth Advisors lifted its holdings in shares of CSP by 15.4% in the fourth quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider's stock valued at $12,323,000 after buying an additional 102,544 shares during the period. Navellier & Associates Inc. raised its position in CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock worth $990,000 after acquiring an additional 23,550 shares in the last quarter. Northern Trust Corp lifted its holdings in CSP by 39.9% in the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after acquiring an additional 11,075 shares during the last quarter. Millennium Management LLC lifted its holdings in CSP by 19.5% in the 4th quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock valued at $459,000 after acquiring an additional 4,659 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of CSP in the 4th quarter worth approximately $321,000. 26.74% of the stock is owned by institutional investors.
CSP Company Profile
(
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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