CSP (NASDAQ:CSPI) Announces Earnings Results

CSP (NASDAQ:CSPI) posted its quarterly earnings data on Friday. The information technology services provider reported ($0.18) earnings per share for the quarter, Zacks reports. CSP had a return on equity of 5.38% and a net margin of 4.42%.

CSP Stock Down 9.6 %

Shares of CSPI opened at $14.92 on Friday. The stock’s 50-day moving average price is $14.57 and its 200-day moving average price is $14.18. The company has a market capitalization of $145.68 million, a price-to-earnings ratio of 53.29 and a beta of 1.44. CSP has a 52 week low of $9.07 and a 52 week high of $29.92.

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.