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

CSP Inc. (NASDAQ:CSPI)’s share 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 traded.

CSP Price Performance

The company has a market cap of $185.15 million, a PE ratio of -374.73 and a beta of 1.47. The firm has a 50-day simple moving average of $17.39 and a two-hundred day simple moving average of $14.92.

CSP (NASDAQ:CSPI) last issued its earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, February 24th. CSP’s dividend payout ratio is currently -239.95%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CSPI. Copeland Capital Management LLC bought a new position in CSP during the 3rd quarter worth $42,000. Barclays PLC bought a new stake in shares of CSP in the 3rd quarter worth $104,000. Jane Street Group LLC acquired a new stake in CSP in the 4th quarter valued at about $256,000. 683 Capital Management LLC bought a new stake in CSP during the fourth quarter worth approximately $321,000. Finally, Millennium Management LLC boosted its stake 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 worth $459,000 after acquiring an additional 4,659 shares in the last quarter. 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.