CSP (NASDAQ:CSPI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

CSP Inc. (NASDAQ:CSPI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

CSP Trading Up 1.3 %

The firm has a market capitalization of $155.95 million, a P/E ratio of -315.54 and a beta of 1.44. The business’s 50 day simple moving average is $15.93 and its two-hundred day simple moving average is $14.45.

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

CSP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were issued a $0.03 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.12 annualized dividend and a yield of 0.76%. CSP’s payout ratio is -240.00%.

Hedge Funds Weigh In On CSP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Copeland Capital Management LLC purchased a new position in shares of CSP during the third quarter valued at approximately $42,000. Barclays PLC bought a new stake in shares of CSP in the third quarter worth $104,000. Apis Capital Advisors LLC increased its position in CSP by 50.0% during the second quarter. Apis Capital Advisors LLC now owns 36,000 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 12,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in CSP by 3.7% in the second quarter. Renaissance Technologies LLC now owns 442,226 shares of the information technology services provider’s stock valued at $6,589,000 after acquiring an additional 15,800 shares during the period. Finally, American Century Companies Inc. purchased a new position in CSP in the second quarter worth about $503,000. Institutional investors 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.