GP Strategies Corp. (GPX) Shares Gap Up to $22.97
GP Strategies Corp. (NYSE:GPX) shares gapped up before the market opened on Friday . The stock had previously closed at $22.70, but opened at $22.97. GP Strategies Corp. shares last traded at $23.61, with a volume of 26,683 shares trading hands.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday. B. Riley restated a “buy” rating and set a $26.00 target price on shares of GP Strategies Corp. in a research note on Sunday, July 31st. TheStreet cut shares of GP Strategies Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Roth Capital reiterated a “buy” rating on shares of GP Strategies Corp. in a research note on Saturday, April 30th.
The company has a 50 day moving average of $21.76 and a 200 day moving average of $23.68. The company has a market cap of $390.07 million and a price-to-earnings ratio of 21.31.
GP Strategies Corp. (NYSE:GPX) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $125.50 million for the quarter, compared to analyst estimates of $127.96 million. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities analysts forecast that GP Strategies Corp. will post $1.20 earnings per share for the current year.
In other GP Strategies Corp. news, Director A Marvin Strait acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $22.55 per share, for a total transaction of $33,825.00. Following the completion of the purchase, the director now directly owns 29,933 shares of the company’s stock, valued at $674,989.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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