CSP (CSPI) Set to Announce Earnings on Tuesday

CSP (NASDAQ:CSPI) is scheduled to be releasing its quarterly earnings data before the market opens on Tuesday, August 13th. Persons interested in participating in the company’s earnings conference call can do so using this link.

CSP Trading Down 3.0 %

NASDAQ CSPI opened at $14.70 on Monday. The firm has a market capitalization of $143.38 million, a P/E ratio of 26.25 and a beta of 1.38. The firm’s fifty day moving average price is $14.80 and its two-hundred day moving average price is $15.92. CSP has a 1 year low of $6.56 and a 1 year high of $29.92.

Insider Buying and Selling

In other CSP news, major shareholder Joseph R. Nerges purchased 2,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was acquired at an average price of $14.38 per share, with a total value of $28,760.00. Following the acquisition, the insider now directly owns 1,371,326 shares of the company’s stock, valued at approximately $19,719,667.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Joseph R. Nerges bought 2,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were bought at an average price of $14.38 per share, for a total transaction of $28,760.00. Following the completion of the purchase, the insider now owns 1,371,326 shares in the company, valued at $19,719,667.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Joseph R. Nerges bought 2,810 shares of CSP stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $14.20 per share, with a total value of $39,902.00. Following the transaction, the insider now owns 1,350,402 shares of the company’s stock, valued at approximately $19,175,708.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 16,952 shares of company stock valued at $239,822. 16.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of CSP from a “buy” rating to a “hold” rating in a research note on Thursday.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.