GSE Systems (NASDAQ:GVP) Shares Down 0.2% – What’s Next?

GSE Systems, Inc. (NASDAQ:GVP) shares were down 0.2% during trading on Friday . The company traded as low as $4.59 and last traded at $4.59. Approximately 134,500 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 84,138 shares. The stock had previously closed at $4.60.

GSE Systems Stock Performance

The stock has a market cap of $15.93 million, a P/E ratio of -1.81 and a beta of 1.37. The stock has a fifty day simple moving average of $4.34 and a 200-day simple moving average of $3.91.

Hedge Funds Weigh In On GSE Systems

An institutional investor recently raised its position in GSE Systems stock. Renaissance Technologies LLC raised its holdings in GSE Systems, Inc. (NASDAQ:GVP) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 87,409 shares of the company’s stock after acquiring an additional 5,300 shares during the quarter. Renaissance Technologies LLC owned approximately 2.70% of GSE Systems worth $402,000 as of its most recent SEC filing. 21.78% of the stock is currently owned by institutional investors and hedge funds.

GSE Systems Company Profile

GSE Systems, Inc engages in the provision of professional and technical engineering services, staffing services, and simulation software to clients in the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments: Engineering and Workforce Solutions.