GP Strategies Corp. (GPX) Sees Unusually-High Trading Volume
GP Strategies Corp. (NYSE:GPX) shares saw unusually-high trading volume on Friday . Approximately 143,625 shares changed 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.
GPX has been the subject of several research reports. Zacks Investment Research upgraded GP Strategies Corp. from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, April 26th. B. Riley reiterated a “buy” rating and set a $28.50 price target on shares of GP Strategies Corp. in a report on Tuesday, April 26th. Roth Capital reiterated a “buy” rating on shares of GP Strategies Corp. in a report on Saturday, April 30th. Finally, TheStreet lowered GP Strategies Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.
The firm’s 50-day moving average price is $22.22 and its 200 day moving average price is $23.72. The company has a market cap of $393.06 million and a price-to-earnings ratio of 21.47.
GP Strategies Corp. (NYSE:GPX) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. During the same period in the previous year, the company earned $0.27 EPS. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. The company’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that GP Strategies Corp. will post $1.20 earnings per share for the current fiscal year.
In other GP Strategies Corp. news, insider Deborah Ung sold 1,164 shares of the 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 completion of the sale, the insider now directly owns 15,435 shares in the company, valued at $378,929.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Marvin Strait purchased 1,500 shares of the stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average price of $22.55 per share, with a total value of $33,825.00. Following the completion of the acquisition, 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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