CSP (NASDAQ:CSPI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

CSP Inc. (NASDAQ:CSPI) 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.

CSP Trading Up 3.0 %

The company has a market capitalization of $160.55 million, a price-to-earnings ratio of -324.94 and a beta of 1.44. The company has a 50 day moving average price of $15.99 and a 200 day moving average price of $14.45.

CSP (NASDAQ:CSPI) last released its 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.12 annualized dividend and a yield of 0.74%. CSP’s dividend payout ratio is currently -239.95%.

Hedge Funds Weigh In On CSP

A number of large investors have recently modified their holdings of CSPI. Mercer Global Advisors Inc. ADV boosted its holdings in shares of CSP by 122.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider’s stock valued at $2,944,000 after buying an additional 108,778 shares during the last quarter. American Century Companies Inc. bought a new stake in CSP during the second quarter worth $503,000. Renaissance Technologies LLC lifted its stake 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 last quarter. Apis Capital Advisors LLC grew its position in shares of CSP by 50.0% in the 2nd 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 period. Finally, Barclays PLC acquired a new position in shares of CSP during the 3rd quarter worth about $104,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

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.