CSP (NASDAQ:CSPI) issued its quarterly earnings results on Monday. The information technology services provider reported ($0.03) earnings per share for the quarter, reports. CSP had a return on equity of 12.86% and a net margin of 2.14%.
Shares of CSP (CSPI) traded down $2.09 during trading hours on Monday, reaching $12.96. 47,730 shares of the company traded hands, compared to its average volume of 19,942. The company has a market cap of $59.83, a P/E ratio of 23.89 and a beta of 0.83. CSP has a fifty-two week low of $8.25 and a fifty-two week high of $18.89.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.40%. The ex-dividend date was Thursday, December 28th. CSP’s payout ratio is 69.84%.
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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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