Maxim Group Analysts Give GSE Systems (NYSEAMERICAN:GVP) a $3.00 Price Target
Maxim Group set a $3.00 target price on GSE Systems (NYSEAMERICAN:GVP) in a research note published on Friday, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.
Separately, Zacks Investment Research raised shares of GSE Systems from a sell rating to a hold rating in a research note on Tuesday, July 23rd.
NYSEAMERICAN GVP traded down $0.01 during trading hours on Friday, reaching $1.89. The company’s stock had a trading volume of 1,599 shares, compared to its average volume of 30,313. GSE Systems has a fifty-two week low of $1.72 and a fifty-two week high of $3.85.
A number of institutional investors have recently added to or reduced their stakes in GVP. 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 worth $1,355,000 after purchasing an additional 4,959 shares during the period. Perritt Capital Management Inc. acquired a new position in GSE Systems in the second quarter worth $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 worth $245,000 after purchasing an additional 7,282 shares during the period. Polar Asset Management Partners Inc. acquired a new position in GSE Systems in the second quarter worth $3,786,000. Finally, Citadel Advisors LLC acquired a new position in GSE Systems in the second quarter worth $26,000.
About GSE Systems
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: Cost of Capital Explained
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