CSP (NASDAQ:CSPI) Shares Cross Above 200 Day Moving Average – What’s Next?

CSP Inc. (NASDAQ:CSPI)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

CSP Trading Up 3.0 %

The firm has a market cap of $160.55 million, a price-to-earnings ratio of -324.94 and a beta of 1.44. The firm has a 50-day moving average of $15.99 and a two-hundred day moving average of $14.45.

CSP (NASDAQ:CSPI) last issued its quarterly earnings results on Friday, December 20th. The information technology services provider reported ($0.18) EPS for the quarter. CSP had a negative return on equity of 0.91% and a negative net margin of 0.78%.

CSP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a $0.03 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.12 annualized dividend and a yield of 0.74%. CSP’s dividend payout ratio is -239.95%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Copeland Capital Management LLC acquired a new stake in CSP during the third quarter worth about $42,000. Barclays PLC bought a new stake in shares of CSP during the third quarter valued at approximately $104,000. American Century Companies Inc. acquired a new position in shares of CSP in the second quarter valued at $503,000. Apis Capital Advisors LLC lifted its position in CSP by 50.0% in 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 during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in CSP by 122.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider’s stock worth $2,944,000 after buying an additional 108,778 shares in the last quarter. Institutional investors and hedge funds own 26.74% of the company’s stock.

CSP Company Profile

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.