Somewhat Critical Media Coverage Very Unlikely to Affect CSP (CSPI) Share Price
News articles about CSP (NASDAQ:CSPI) have been trending somewhat negative this week, AlphaOne Sentiment reports. The research firm, a service of Accern, rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CSP earned a daily sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also gave news headlines about the information technology services provider an impact score of 16 out of 100, indicating that recent news coverage is very unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s analysis:
- CSP : CSPi Secures $2.5M IT Managed Services Contract with Broward College (4-traders.com)
- CSP (CSPI) Receives Daily Coverage Optimism Rating of -0.29 (americanbankingnews.com)
- Positive Press Coverage Very Unlikely to Impact CSP (CSPI) Stock Price (americanbankingnews.com)
Shares of CSP (NASDAQ:CSPI) traded down 1.52% during midday trading on Friday, reaching $10.39. 4,392 shares of the company traded hands. The company has a 50 day moving average of $10.15 and a 200 day moving average of $10.40. The firm has a market capitalization of $40.58 million, a P/E ratio of 17.55 and a beta of 0.58. CSP has a 12 month low of $5.92 and a 12 month high of $11.95.
CSP (NASDAQ:CSPI) last released its earnings results on Thursday, February 23rd. The information technology services provider reported ($0.01) EPS for the quarter. The company had revenue of $19.92 million for the quarter. CSP had a net margin of 2.42% and a return on equity of 12.80%.
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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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