CSP (NASDAQ:CSPI) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

CSP Inc. (NASDAQ:CSPI) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.10 and traded as high as $16.90. CSP shares last traded at $15.82, with a volume of 27,548 shares traded.

CSP Trading Down 4.4 %

The company has a market capitalization of $156.30 million, a PE ratio of 1,583.58 and a beta of 1.47. The business’s 50-day simple moving average is $17.37 and its 200-day simple moving average is $15.10.

CSP (NASDAQ:CSPI) last posted 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 net margin of 0.14% and a return on equity of 0.17%.

CSP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, February 24th. CSP’s dividend payout ratio (DPR) is 1,200.00%.

Institutional Investors Weigh In On CSP

A number of institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC grew its stake in CSP by 39.2% in the 4th quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider’s stock valued at $73,000 after acquiring an additional 1,277 shares during the period. Millennium Management LLC boosted its position in shares of CSP by 19.5% during 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. Barclays PLC acquired a new position in shares of CSP during the 3rd quarter valued at about $104,000. Northern Trust Corp boosted its position in shares of CSP by 39.9% during 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. Finally, Jane Street Group LLC acquired a new position in shares of CSP during the 4th quarter valued at about $256,000. Institutional investors and hedge funds own 26.74% of the company’s stock.

About CSP

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.