ValuEngine Lowers CSP (NASDAQ:CSPI) to Hold

CSP (NASDAQ:CSPI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Shares of CSPI stock traded up $1.16 during trading hours on Thursday, reaching $14.66. The company had a trading volume of 243 shares, compared to its average volume of 1,376. CSP has a twelve month low of $8.78 and a twelve month high of $15.50. The company’s fifty day simple moving average is $14.55.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Wednesday, May 8th. The information technology services provider reported ($0.15) earnings per share for the quarter. CSP had a net margin of 20.03% and a negative return on equity of 5.48%. The business had revenue of $16.35 million for the quarter.

About CSP

CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for financial trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.

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

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