CSP (CSPI) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of CSP (NASDAQ:CSPI) from a hold rating to a buy rating in a research note released on Thursday morning.
Shares of CSP (NASDAQ CSPI) opened at $12.10 on Thursday. CSP has a 1 year low of $8.50 and a 1 year high of $18.89. The stock has a market cap of $48.10, a PE ratio of 19.52 and a beta of 1.15.
CSP (NASDAQ:CSPI) last posted its quarterly earnings results on Tuesday, December 19th. The information technology services provider reported $0.36 earnings per share (EPS) for the quarter. CSP had a net margin of 1.09% and a return on equity of 12.49%. The business had revenue of $35.72 million during the quarter.
A hedge fund recently raised its stake in CSP stock. Renaissance Technologies LLC lifted its position in shares of CSP Inc. (NASDAQ:CSPI) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,890 shares of the information technology services provider’s stock after purchasing an additional 5,083 shares during the period. Renaissance Technologies LLC owned 6.38% of CSP worth $4,015,000 as of its most recent SEC filing. Institutional investors own 24.47% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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