GSE Systems (NASDAQ:GVP) Stock Price Down 6.6%

GSE Systems, Inc. (NASDAQ:GVP)’s stock price traded down 6.6% on Friday . The company traded as low as $0.34 and last traded at $0.35. 83,133 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 101,855 shares. The stock had previously closed at $0.38.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of GSE Systems in a research note on Wednesday, August 16th.

GSE Systems Price Performance

The stock’s 50-day moving average price is $0.39 and its 200 day moving average price is $0.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.80 million, a price-to-earnings ratio of -0.52 and a beta of 1.18.

GSE Systems (NASDAQ:GVP) last issued its earnings results on Monday, August 14th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. GSE Systems had a negative net margin of 32.53% and a negative return on equity of 80.58%. The company had revenue of $12.39 million for the quarter, compared to the consensus estimate of $11.47 million. Equities research analysts expect that GSE Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GSE Systems

A number of hedge funds and other institutional investors have recently modified their holdings of GVP. Renaissance Technologies LLC lifted its stake in shares of GSE Systems by 3.1% in the 4th quarter. Renaissance Technologies LLC now owns 869,084 shares of the company’s stock worth $626,000 after acquiring an additional 26,435 shares during the period. Millennium Management LLC purchased a new position in GSE Systems during the fourth quarter worth about $26,000. Citadel Advisors LLC lifted its position in GSE Systems by 207.6% in the second quarter. Citadel Advisors LLC now owns 127,100 shares of the company’s stock valued at $46,000 after purchasing an additional 85,783 shares during the period. Finally, Minerva Advisors LLC lifted its position in GSE Systems by 27.9% in the fourth quarter. Minerva Advisors LLC now owns 767,689 shares of the company’s stock valued at $537,000 after purchasing an additional 167,603 shares during the period. 21.36% of the stock is currently owned by institutional investors and hedge funds.

About GSE Systems

GSE Systems, Inc provides professional and technical engineering services, staffing services, and simulation software to power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments, Engineering and Workforce Solutions. The Engineering segment provides various technical engineering services for ASME programs; and simulation software and services, including operator training systems for the nuclear, fossil fuel power generation, and process industries.