CSP (NASDAQ:CSPI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of CSP Inc. (NASDAQ:CSPI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.27 and traded as high as $17.94. CSP shares last traded at $17.84, with a volume of 18,489 shares trading hands.

CSP Price Performance

The firm’s 50 day moving average is $17.28 and its 200 day moving average is $15.28. The company has a market cap of $167.76 million, a PE ratio of 1,699.70 and a beta of 1.52.

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

CSP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given 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 dividend yield of 0.71%. CSP’s dividend payout ratio (DPR) is presently 1,200.00%.

Institutional Trading of CSP

A number of hedge funds have recently made changes to their positions in the stock. Visionary Wealth Advisors grew its stake in shares of CSP by 15.4% in the fourth quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider’s stock worth $12,323,000 after purchasing an additional 102,544 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in shares of 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 buying an additional 23,550 shares in the last quarter. Northern Trust Corp grew its position in shares of CSP by 39.9% in the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock worth $624,000 after buying an additional 11,075 shares during the period. Millennium Management LLC increased its stake in shares of CSP by 19.5% in 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 in the last quarter. Finally, 683 Capital Management LLC purchased a new position in CSP during the 4th quarter valued at about $321,000. 26.74% of the stock is owned by institutional investors.

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.