Maxim Group Maintains Their Buy Rating on GSE Systems Inc (GVP)

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on GSE Systems Inc (GVPResearch Report), with a price target of $2.50. The company’s shares closed last Monday at $1.90, close to its 52-week low of $1.72.

Sullivan wrote:

“We reduce our 2019 operating EPS forecast to $0.03, from $0.10, our 2020 EPS estimate to $0.17, from $0.23, and our 2021 EPS estimate to $0.21, from $0.27, after GVP reported a 20% q/q decline in backlog to $54.9M.”

According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -2.2% and a 45.0% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GSE Systems Inc with a $2.50 average price target.

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Based on GSE Systems Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $125K. In comparison, last year the company had a net profit of $981K.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GVP in relation to earlier this year.

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GSE Systems, Inc. engages in the provision of engineering, staffing, and simulation software to clients in the power and process industries. . It operates through the Performance Improvement Solutions; and Nuclear Industry Training and Consulting segments. The Performance Improvement Solutions segment includes simulation products, engineering services, and operation training systems delivered across the industries. The Nuclear Industry Training and Consulting segment offers workforce solutions rendered by its senior reactor operations instructors, procedure writers, project managers, work management specialists, planners, and training material developers. The company was founded on March 30, 1994 and is headquartered in Sykesville, MD.