CSP Inc. (CSPI) Posts Earnings Results

CSP Inc. (NASDAQ:CSPI) released its earnings results on Wednesday, May 24th. The information technology services provider reported $0.11 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $25.32 million during the quarter. CSP had a net margin of 2.15% and a return on equity of 11.36%.

CSP (NASDAQ CSPI) traded up 0.65% during mid-day trading on Friday, reaching $10.91. 17,681 shares of the company’s stock traded hands. The company has a 50-day moving average of $10.82 and a 200-day moving average of $10.47. The company has a market capitalization of $42.78 million, a price-to-earnings ratio of 19.62 and a beta of 0.58. CSP has a 52-week low of $7.25 and a 52-week high of $11.95.

Earnings History for CSP (NASDAQ:CSPI)

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.44 annualized dividend and a yield of 4.03%. CSP’s payout ratio is currently 78.57%.

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CSP Company Profile

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.

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