CSP Inc. (CSPI) Releases Quarterly Earnings Results
CSP Inc. (NASDAQ:CSPI) released its earnings results on Wednesday. The information technology services provider reported $0.11 EPS for the quarter. CSP had a net margin of 2.42% and a return on equity of 12.80%. The firm had revenue of $25.32 million during the quarter.
Shares of CSP (NASDAQ:CSPI) opened at 10.274 on Thursday. The firm has a market cap of $40.13 million, a price-to-earnings ratio of 17.355 and a beta of 0.58. CSP has a 12-month low of $7.25 and a 12-month high of $11.95. The firm’s 50-day moving average is $10.64 and its 200-day moving average is $10.39.
The firm also recently announced a dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, May 30th. CSP’s dividend payout ratio is presently 66.67%.
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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