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

CSP Inc. (NASDAQ:CSPI)’s share price crossed 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.

CSP Stock Performance

The company has a fifty day moving average price of $17.29 and a two-hundred day moving average price of $15.42. The company has a market cap of $151.66 million, a P/E ratio of 1,536.54 and a beta of 1.52.

CSP (NASDAQ:CSPI) last posted its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.78%. CSP’s payout ratio is 1,200.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSPI. Visionary Wealth Advisors lifted its stake in CSP by 15.4% in the 4th quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider’s stock valued at $12,323,000 after purchasing an additional 102,544 shares during the last quarter. Navellier & Associates Inc. raised its stake in CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock valued at $990,000 after buying an additional 23,550 shares during the period. Northern Trust Corp lifted its position 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 valued at $624,000 after buying an additional 11,075 shares during the last quarter. 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 during the period. Finally, 683 Capital Management LLC acquired a new position in shares of CSP during the 4th quarter worth approximately $321,000. 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.