GP Strategies Corp. (GPX) Sees Large Volume Increase
Shares of GP Strategies Corp. (NYSE:GPX) saw strong trading volume on Friday . 143,625 shares traded hands during trading, an increase of 77% from the previous session’s volume of 81,277 shares.The stock last traded at $23.85 and had previously closed at $23.83.
Several analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $27.00 price objective on shares of GP Strategies Corp. in a report on Tuesday, July 26th. Roth Capital reissued a “buy” rating on shares of GP Strategies Corp. in a report on Saturday, April 30th. Zacks Investment Research raised GP Strategies Corp. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, April 26th. Finally, TheStreet cut GP Strategies Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.
The stock has a 50-day moving average of $22.22 and a 200-day moving average of $23.72. The company has a market capitalization of $393.06 million and a P/E ratio of 21.47.
GP Strategies Corp. (NYSE:GPX) last released its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. The firm earned $125.50 million during the quarter, compared to the consensus estimate of $127.96 million. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Equities research analysts predict that GP Strategies Corp. will post $1.20 earnings per share for the current fiscal year.
In related news, insider Deborah Ung sold 1,164 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $24.55, for a total value of $28,576.20. Following the sale, the insider now directly owns 15,435 shares of the company’s stock, valued at $378,929.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A Marvin Strait acquired 1,500 shares of GP Strategies Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average cost 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 disclosure for this purchase can be found here.
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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