CSP (CSPI) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of CSP (NASDAQ:CSPI) from a buy rating to a hold rating in a report published on Saturday.

CSP (NASDAQ:CSPI) opened at $12.10 on Friday. CSP has a 12-month low of $9.61 and a 12-month high of $18.89. The company has a market capitalization of $46.11, a price-to-earnings ratio of 37.81 and a beta of 1.15.

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CSP (NASDAQ:CSPI) last issued its quarterly earnings results on Monday, February 12th. The information technology services provider reported ($0.02) EPS for the quarter. CSP had a return on equity of 12.49% and a net margin of 1.09%. The company had revenue of $22.00 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Wednesday, February 28th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Tuesday, February 27th. CSP’s payout ratio is currently 137.50%.

A hedge fund recently raised its stake in CSP stock. Renaissance Technologies LLC increased its stake in CSP Inc. (NASDAQ:CSPI) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 253,890 shares of the information technology services provider’s stock after purchasing an additional 5,083 shares during the period. Renaissance Technologies LLC owned approximately 6.38% of CSP worth $4,015,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 24.47% of the company’s stock.

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About CSP

CSP Inc and its subsidiaries develop and market information technology (IT) integration solutions, security and managed services, network adapters, and cluster computer systems. The Company operates in two segments: High Performance Products (HPP) and Technology Solutions (TS). The HPP segment comprises two product lines: its Multicomputer product portfolio of computing systems for digital signal processing (DSP) applications within the defense market, and its Myricom product line of network Ethernet adapters that are offered to both commercial and government customers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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