Somewhat Negative News Coverage Somewhat Unlikely to Impact CSP (NASDAQ:CSPI) Share Price
Media stories about CSP (NASDAQ:CSPI) have been trending somewhat negative recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSP earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 48 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of CSP (NASDAQ:CSPI) traded up 0.2116% on Thursday, hitting $10.3709. The stock had a trading volume of 4,403 shares. The company has a market capitalization of $40.66 million, a price-to-earnings ratio of 18.5195 and a beta of 0.65. CSP has a 52 week low of $7.89 and a 52 week high of $11.95. The company has a 50-day moving average of $10.71 and a 200 day moving average of $10.45.
CSP (NASDAQ:CSPI) last issued its earnings results on Wednesday, May 24th. The information technology services provider reported $0.11 earnings per share for the quarter. The company had revenue of $25.32 million during the quarter. CSP had a net margin of 2.15% and a return on equity of 11.36%.
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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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