CSP Inc. (NASDAQ:CSPI) Director C Shelton James Sells 2,000 Shares of Stock

CSP Inc. (NASDAQ:CSPI) Director C Shelton James sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $10.95, for a total value of $21,900.00. Following the sale, the director now directly owns 42,803 shares in the company, valued at approximately $468,692.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CSPI stock opened at $11.38 on Friday. The business’s 50-day moving average price is $9.72. The company has a market cap of $49.98 million, a PE ratio of 569.03 and a beta of 1.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.94 and a current ratio of 3.25. CSP Inc. has a 1 year low of $6.95 and a 1 year high of $14.33.

CSP (NASDAQ:CSPI) last released its earnings results on Tuesday, May 11th. The information technology services provider reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $14.09 million for the quarter. CSP had a return on equity of 0.25% and a net margin of 0.14%.

Separately, TheStreet downgraded CSP from a “c-” rating to a “d” rating in a research note on Tuesday, May 11th.

A hedge fund recently raised its stake in CSP stock. Renaissance Technologies LLC grew its stake in shares of CSP Inc. (NASDAQ:CSPI) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 228,854 shares of the information technology services provider’s stock after buying an additional 6,300 shares during the quarter. Renaissance Technologies LLC owned approximately 5.35% of CSP worth $1,769,000 as of its most recent SEC filing. 27.38% of the stock is owned by institutional investors.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers ARIA Software-Defined Security, a cybersecurity solution; Myricom network adapters comprising Ethernet adapters and specialized software of ARC Series and Secure Intelligent Adapters; ARIA security appliances for network security services; nVoy Series, including Packet Broker and Packet Recorder appliances; and multicomputer products for digital signal processing applications in the defense markets.

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