CSP (NASDAQ:CSPI) Releases Quarterly Earnings Results

CSP (NASDAQ:CSPI) posted its quarterly earnings results on Monday. The information technology services provider reported $0.05 earnings per share for the quarter, Zacks reports. CSP had a negative return on equity of 0.91% and a negative net margin of 0.78%.

CSP Trading Down 1.4 %

CSPI stock opened at $19.38 on Monday. The firm has a market cap of $191.48 million, a PE ratio of -387.42 and a beta of 1.47. CSP has a 1 year low of $10.76 and a 1 year high of $29.92. The company has a fifty day simple moving average of $17.06 and a 200 day simple moving average of $14.74.

CSP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were issued 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 0.62%. CSP’s dividend payout ratio is currently -240.00%.

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.