GSE Systems (NYSEAMERICAN:GVP) Stock Price Passes Above 200-Day Moving Average of $0.00

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GSE Systems (NYSEAMERICAN:GVP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Separately, Zacks Investment Research raised GSE Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd.

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

In other GSE Systems news, CEO Kyle Justin Loudermilk purchased 100,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $2.30 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the chief executive officer now owns 425,462 shares of the company’s stock, valued at approximately $978,562.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of GSE Systems in the second quarter valued at approximately $26,000. BlackRock Inc. lifted its position in shares of 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 acquiring an additional 7,282 shares in the last quarter. Perritt Capital Management Inc. purchased a new position in shares of GSE Systems in the second quarter valued at approximately $446,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 4,959 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of GSE Systems in the second quarter valued at approximately $3,786,000.

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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