CSP Inc (NASDAQ: CSPI) has reported a loss for its third fiscal quarter (ending June 30) of $-0.02 versus $0.53 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.29 versus $1.13 for the same period a year ago.
Recent Price Action
On 8/13/24, CSP Inc (NASDAQ: CSPI) stock suffered a major decline of -17.6%, closing at $13.16. Moreover, this decline was accompanied by exceptionally high trading volume at 291% of normal. The stock has declined -10.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CSPI is expected to be a modest Value Builder.
CSP has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CSP has a slightly negative Appreciation Score of 35 but a good Power Rating of 80, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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