CSP (NASDAQ:CSPI) Releases Earnings Results

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

CSP Trading Up 0.6 %

CSP stock opened at $19.76 on Tuesday. CSP has a 12-month low of $10.76 and a 12-month high of $29.92. The firm’s fifty day moving average is $17.06 and its 200 day moving average is $14.73.

CSP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.61%. CSP’s payout ratio is presently -239.95%.

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.