GSE Systems (NYSEAMERICAN:GVP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $2.00. GSE Systems shares last traded at $1.96, with a volume of 2,975 shares trading hands.
Separately, Zacks Investment Research upgraded GSE Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd.
GSE Systems (NYSEAMERICAN:GVP) last released its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $22.19 million during the quarter.
In related news, CEO Kyle Justin Loudermilk bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of $2.30 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the chief executive officer now owns 425,462 shares in the company, valued at approximately $978,562.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of large investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. purchased a new position in GSE Systems in the second quarter valued at $3,786,000. Renaissance Technologies LLC boosted its holdings in GSE Systems by 0.9% in the second quarter. Renaissance Technologies LLC now owns 579,159 shares of the technology company’s stock valued at $1,355,000 after purchasing an additional 4,959 shares during the period. Perritt Capital Management Inc. purchased a new position in GSE Systems in the second quarter valued at $446,000. BlackRock Inc. boosted its holdings in GSE Systems by 7.5% in the second quarter. BlackRock Inc. now owns 104,470 shares of the technology company’s stock valued at $245,000 after purchasing an additional 7,282 shares during the period. Finally, Citadel Advisors LLC purchased a new position in GSE Systems in the second quarter valued at $26,000.
GSE Systems Company Profile (NYSEAMERICAN:GVP)
GSE Systems, Inc provides simulation, training, and engineering solutions to the power and process industries worldwide. It operates through two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries.
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