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A report from Disclosure Insight reiterates its Medium Risk Negative Bias rating on GP Strategies Corp.
GPX.
The report states, “Goodwill impairment charges; acquisition activity; and concentrated revenue support our opinion of a Medium Risk - Negative Bias rating for GPX. GPX recorded goodwill impairment charges of $5.5 million and $10.2 million in 2008 and 2009, respectively. GPX has reported 16 acquisitions for $81.5 million.”
GPX closed yesterday at $13.05.
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