CSP (NASDAQ:CSPI – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
CSP Stock Down 1.1 %
NASDAQ CSPI opened at $14.20 on Tuesday. CSP has a 52 week low of $6.80 and a 52 week high of $29.92. The firm has a 50 day moving average of $14.76 and a two-hundred day moving average of $16.04. The stock has a market capitalization of $138.51 million, a PE ratio of 25.36 and a beta of 1.38.
Insider Buying and Selling
In related news, major shareholder Joseph R. Nerges purchased 2,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average cost of $14.38 per share, for a total transaction of $28,760.00. Following the completion of the purchase, the insider now directly owns 1,371,326 shares of the company’s stock, valued at approximately $19,719,667.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Joseph R. Nerges bought 2,200 shares of the stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $14.21 per share, for a total transaction of $31,262.00. Following the purchase, the insider now owns 1,352,602 shares of the company’s stock, valued at approximately $19,220,474.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Joseph R. Nerges acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of $14.38 per share, for a total transaction of $28,760.00. Following the completion of the transaction, the insider now owns 1,371,326 shares in the company, valued at $19,719,667.88. The disclosure for this purchase can be found here. Insiders acquired a total of 17,252 shares of company stock worth $242,193 over the last 90 days. 16.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
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.
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