CSP (NASDAQ:CSPI) Issues Earnings Results

CSP (NASDAQ:CSPI) announced its quarterly earnings data 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 Stock Performance

CSPI opened at $19.38 on Monday. The business’s 50-day simple moving average is $17.06 and its 200 day simple moving average is $14.74. CSP has a 52-week low of $10.76 and a 52-week high of $29.92. The firm has a market capitalization of $191.48 million, a PE ratio of -387.42 and a beta of 1.47.

CSP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, December 27th. CSP’s dividend payout ratio is -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.