CSP Inc. (NASDAQ:CSPI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.92 and traded as high as $20.39. CSP shares last traded at $18.74, with a volume of 46,381 shares trading hands.
CSP Stock Down 2.6 %
The firm's 50 day simple moving average is $17.38 and its 200 day simple moving average is $14.99. The company has a market cap of $171.02 million, a price-to-earnings ratio of 1,732.73 and a beta of 1.47.
CSP (NASDAQ:CSPI - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.
CSP Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be given a $0.03 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.69%. CSP's dividend payout ratio is presently 1,201.20%.
Institutional Trading of CSP
A number of hedge funds and other institutional investors have recently made changes to their positions in CSPI. Visionary Wealth Advisors increased its stake in shares of CSP by 15.4% during 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 acquiring an additional 102,544 shares during the period. Navellier & Associates Inc. increased its position in shares of CSP by 61.9% during the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock valued at $990,000 after purchasing an additional 23,550 shares during the period. 683 Capital Management LLC bought a new stake in shares of CSP in the 4th quarter worth $321,000. Jane Street Group LLC acquired a new stake in shares of CSP in the fourth quarter valued at $256,000. Finally, Northern Trust Corp lifted its holdings in shares of CSP by 39.9% in the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after buying an additional 11,075 shares during the period. 26.74% of the stock is currently owned by institutional investors.
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.
Featured Articles
Before you consider CSP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSP wasn't on the list.
While CSP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
