Zacks Investment Research lowered shares of GSE Systems (NYSEAMERICAN:GVP) from a hold rating to a sell rating in a research report report published on Tuesday morning, Zacks.com 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) “

Separately, Maxim Group reiterated a buy rating and issued a $5.00 price target on shares of GSE Systems in a research report on Friday, March 15th.

Shares of GVP opened at $2.23 on Tuesday. GSE Systems has a 12-month low of $2.00 and a 12-month high of $3.85.

GSE Systems (NYSEAMERICAN:GVP) last issued its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $22.19 million during the quarter.

In related news, CEO Kyle Justin Loudermilk purchased 100,000 shares of GSE Systems stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of $2.30 per share, for a total transaction of $230,000.00. Following the transaction, the chief executive officer now owns 425,462 shares of the company’s stock, valued at approximately $978,562.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GVP. Quantum Capital Management bought a new stake in shares of GSE Systems in the 4th quarter valued at about $70,000. Heritage Investors Management Corp bought a new stake in shares of GSE Systems in the 1st quarter valued at about $118,000. Renaissance Technologies LLC grew its position in shares of GSE Systems by 0.9% in the 1st quarter. Renaissance Technologies LLC now owns 574,200 shares of the technology company’s stock valued at $1,608,000 after buying an additional 5,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC grew its position in shares of GSE Systems by 107.3% in the 1st quarter. Essex Investment Management Co. LLC now owns 190,376 shares of the technology company’s stock valued at $533,000 after buying an additional 98,555 shares during the last quarter.

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.

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