GSE Systems (NYSEAMERICAN:GVP) Shares Gap Down to $1.13

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GSE Systems, Inc. (NYSEAMERICAN:GVP) gapped down before the market opened on Tuesday . The stock had previously closed at $1.13, but opened at $1.02. GSE Systems shares last traded at $1.02, with a volume of 30 shares trading hands.

GSE Systems (NYSEAMERICAN:GVP) last released its quarterly earnings data on Monday, November 16th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03.

In other news, CEO Kyle Justin Loudermilk bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average price of $0.96 per share, with a total value of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 600,565 shares of the company’s stock, valued at approximately $576,542.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 110,000 shares of company stock valued at $109,400 in the last three months.

A hedge fund recently bought a new stake in GSE Systems stock. Cahaba Wealth Management Inc. acquired a new position in GSE Systems, Inc. (NYSEAMERICAN:GVP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,227 shares of the technology company’s stock, valued at approximately $31,000. Cahaba Wealth Management Inc. owned 0.16% of GSE Systems as of its most recent SEC filing.

About GSE Systems (NYSEAMERICAN:GVP)

GSE Systems, Inc provides simulation, training, and engineering solutions to the power and process industries in the United States, Asia, Europe, and internationally. 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.

See Also: Earnings Per Share

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