CSP (NASDAQ:CSPI) Downgraded to D+ at TheStreet

TheStreet downgraded shares of CSP (NASDAQ:CSPI) from a c- rating to a d+ rating in a research note released on Monday, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded shares of CSP from a sell rating to a hold rating in a research note on Tuesday, March 10th.

CSP stock traded up $0.05 during mid-day trading on Monday, reaching $6.70. The stock had a trading volume of 3,443 shares, compared to its average volume of 7,390. The company has a market capitalization of $27.41 million, a price-to-earnings ratio of -26.80 and a beta of 1.08. The company has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $12.71. CSP has a one year low of $4.51 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.84 and a quick ratio of 2.46.

CSP (NASDAQ:CSPI) last announced its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $16.57 million during the quarter. CSP had a negative return on equity of 3.52% and a negative net margin of 1.25%.

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date was Thursday, February 27th.

In related news, CEO Victor Dellovo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $13.75, for a total value of $27,500.00. Following the transaction, the chief executive officer now owns 294,459 shares in the company, valued at approximately $4,048,811.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

An institutional investor recently bought a new position in CSP stock. Visionary Wealth Advisors bought a new stake in shares of CSP Inc. (NASDAQ:CSPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 215,042 shares of the information technology services provider’s stock, valued at approximately $2,806,000. Visionary Wealth Advisors owned 5.16% of CSP as of its most recent filing with the Securities and Exchange Commission. 29.71% of the stock is owned by institutional investors.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for financial trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.

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