CSP (NASDAQ:CSPI) Announces Earnings Results

CSP (NASDAQ:CSPI) released its quarterly earnings results on Monday. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. CSP had a negative net margin of 0.78% and a negative return on equity of 0.91%.

CSP Trading Up 1.7 %

NASDAQ CSPI opened at $20.10 on Wednesday. The firm has a 50-day simple moving average of $17.13 and a 200 day simple moving average of $14.77. CSP has a twelve month low of $10.76 and a twelve month high of $29.92.

CSP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, February 24th. CSP’s dividend payout ratio (DPR) is -239.95%.

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.