Disclosure Insight Maintains Medium Risk Rating on GP Strategies

A report from Disclosure Insight reiterates its Medium Risk Negative Bias rating on GP Strategies Corp. (NYSE: 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.