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

CSP Inc. (NASDAQ:CSPI)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.59 and traded as high as $20.49. CSP shares last traded at $19.98, with a volume of 84,551 shares trading hands.

CSP Trading Up 14.0 %

The stock has a market capitalization of $197.40 million, a PE ratio of -399.52 and a beta of 1.44. The business’s 50-day moving average is $16.74 and its two-hundred day moving average is $14.59.

CSP (NASDAQ:CSPI) last posted its earnings results on Friday, December 20th. The information technology services provider reported ($0.18) earnings per share (EPS) 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 company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were given a dividend of $0.03 per share. The ex-dividend date was Friday, December 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.60%. CSP’s payout ratio is currently -239.95%.

Institutional Investors Weigh In On CSP

An institutional investor recently bought a new position in CSP stock. Copeland Capital Management LLC bought a new stake in shares of CSP Inc. (NASDAQ:CSPI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,255 shares of the information technology services provider’s stock, valued at approximately $42,000. 26.74% of the stock is owned by institutional investors and hedge funds.

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.