GSE Systems (GVP) Given “Buy” Rating at Maxim Group

Maxim Group restated their buy rating on shares of GSE Systems (NYSEAMERICAN:GVP) in a research report sent to investors on Friday. They currently have a $5.00 price target on the technology company’s stock.

“We maintain our annual EPS estimates after GVP announced a $4 million order yesterday for work in laboratories that support the U.S. Navy.”,” the firm’s analyst wrote.

Shares of NYSEAMERICAN GVP remained flat at $$2.95 during midday trading on Friday. The stock had a trading volume of 2,460 shares, compared to its average volume of 16,081. GSE Systems has a one year low of $2.60 and a one year high of $3.85.

GSE Systems (NYSEAMERICAN:GVP) last issued its earnings results on Tuesday, August 14th. The technology company reported $0.11 EPS for the quarter. The business had revenue of $24.70 million for the quarter.

A hedge fund recently raised its stake in GSE Systems stock. Cove Street Capital LLC boosted its position in GSE Systems (NYSEAMERICAN:GVP) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,046 shares of the technology company’s stock after purchasing an additional 24,406 shares during the quarter. Cove Street Capital LLC owned about 1.46% of GSE Systems worth $933,000 at the end of the most recent reporting period.

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.

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