GSE Systems (NYSEAMERICAN:GVP) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of GSE Systems (NYSEAMERICAN:GVP) from a sell rating to a hold rating in a research note released on Wednesday, reports.

According to Zacks, “GSE Systems, Inc. develops and delivers business and technology solutions by applying process control and simulation software, systems and services to the pharmaceutical and chemical research & development, energy, process and manufacturing industries worldwide. The company’s products are used in the following industries: specialty chemical, food and beverage, petroleum refining, pharmaceutical, fossil and nuclear power generation, metals and water treatment. (PRESS RELEASE) “

Shares of GSE Systems stock opened at $2.25 on Wednesday. GSE Systems has a 1 year low of $2.00 and a 1 year high of $3.85.

GSE Systems (NYSEAMERICAN:GVP) last announced its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $22.19 million for the quarter.

In other GSE Systems news, CEO Kyle Justin Loudermilk bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of $2.30 per share, with a total value of $230,000.00. Following the transaction, the chief executive officer now directly owns 425,462 shares in the company, valued at approximately $978,562.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

An institutional investor recently bought a new position in GSE Systems stock. Heritage Investors Management Corp bought a new stake in shares of GSE Systems (NYSEAMERICAN:GVP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,252 shares of the technology company’s stock, valued at approximately $118,000. Heritage Investors Management Corp owned about 0.21% of GSE Systems at the end of the most recent reporting period.

GSE Systems Company Profile

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.

Further Reading: Quiet Period

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