CSP (NASDAQ:CSPI) Stock Passes Above 200-Day Moving Average – Should You Sell?

CSP Inc. (NASDAQ:CSPI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.39 and traded as high as $15.50. CSP shares last traded at $15.49, with a volume of 10,648 shares traded.

CSP Trading Up 0.8 %

The company has a market cap of $153.04 million, a PE ratio of 1,550.55 and a beta of 1.52. The firm has a 50 day moving average of $17.31 and a two-hundred day moving average of $15.39.

CSP (NASDAQ:CSPI) last released its earnings results on Monday, February 10th. The information technology services provider reported $0.05 EPS for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. CSP’s dividend payout ratio is currently 1,200.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Visionary Wealth Advisors increased its position in shares of CSP by 15.4% during the fourth quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider’s stock valued at $12,323,000 after acquiring an additional 102,544 shares in the last quarter. Navellier & Associates Inc. boosted its stake in CSP by 61.9% during the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock valued at $990,000 after purchasing an additional 23,550 shares during the last quarter. 683 Capital Management LLC bought a new stake in shares of CSP in the 4th quarter worth $321,000. Jane Street Group LLC bought a new stake in shares of CSP in the 4th quarter worth $256,000. Finally, Northern Trust Corp raised its stake in shares of CSP by 39.9% in the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock worth $624,000 after purchasing an additional 11,075 shares during 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.