Market Runner: What Next for CSP Inc. Stock After Making 52-Week High?

Market Runner: What Next for CSP Inc. Stock After Making 52 Week High?

The stock of CSP Inc. (NASDAQ:CSPI) hit a new 52-week high and has $15.27 target or 31.00% above today’s $11.66 share price. The 9 months bullish chart indicates low risk for the $46.68 million company. The 1-year high was reported on Oct, 13 by If the $15.27 price target is reached, the company will be worth $14.47M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,977 shares traded hands. CSP Inc. (NASDAQ:CSPI) has risen 102.30% since March 10, 2016 and is uptrending. It has outperformed by 94.79% the S&P500.

According to Zacks Investment Research, “CSP Inc. develop and market Internet software for E-commerce solutions, image processing software, network management integration services, and high-performance computer systems. The MultiComputer Division supplies high-performance multiprocessing systems for a broad array of defense applications, including radar, sonar and surveillance signal processing. The company’s MODCOMP, Inc. subsidiary is a leading provider of Internet software solutions and systems integration. MODCOMP works with third parties to develop customized application solutions. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 2.67 in 2016 Q2. Its down Infinity, from Infinity in 2016Q1. The ratio worsened, as 2 funds sold all CSP Inc. shares owned while 1 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 842,258 shares or 49.37% less from 1.66 million shares in 2016Q1.
Acadian Asset Limited Liability holds 0% or 1,728 shares in its portfolio. Dimensional Fund Advsr Limited Partnership last reported 0% of its portfolio in the stock. Kcg Inc, a New Jersey-based fund reported 10,149 shares. Tower Capital Limited Liability (Trc) holds 884 shares or 0% of its portfolio. Bridgeway Capital Mngmt holds 38,700 shares or 0% of its portfolio. Ladenburg Thalmann Fin has invested 0% of its portfolio in CSP Inc. (NASDAQ:CSPI). Wells Fargo Company Mn last reported 0% of its portfolio in the stock. Blackrock Fund holds 624 shares or 0% of its portfolio. Renaissance Technologies Ltd Llc accumulated 0% or 167,200 shares. California Employees Retirement Systems reported 216,453 shares or 0% of all its holdings. Deutsche Commercial Bank Ag accumulated 3,049 shares or 0% of the stock. Grt Prtn Ltd Llc reported 25,143 shares or 0.05% of all its holdings. Vanguard Group last reported 79,308 shares in the company.

Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 1 insider sale for $18,820 net activity. JAMES C SHELTON also sold $18,820 worth of CSP Inc. (NASDAQ:CSPI) on Friday, August 26.

More recent CSP Inc. (NASDAQ:CSPI) news were published by: which released: “CSP Inc. Appoints Ismail Azeri to Its Board of Directors” on January 04, 2016. Also published the news titled: “CSP Inc. (CSPI) Ex-Dividend Date Scheduled for August 29, 2016” on August 26, 2016.‘s news article titled: “BRIEF-CSP Inc files for non-timely 10-Q” with publication date: August 15, 2016 was also an interesting one.

CSPI Company Profile

CSP Inc. (CSPI), incorporated on September 3, 1968, along with its subsidiaries develops and markets information technology (IT) integration solutions and high-performance cluster computer systems. The Firm operates in two divisions: Systems segment, and Service and System Integration segment. The Systems segment consists primarily of CSPI’s MultiComputer Division (MultiComputer Division) which creates and makes commercial high-performance computer signal processing systems for a variety of complex real time applications in defense and commercial markets. The Service and System Integration Segment consists of the computer maintenance, integration services and third-party computer hardware and software value added reseller (VAR) businesses of its Modcomp subsidiary (Modcomp).

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