GEE Group (NYSE:JOB) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.27 on Tuesday. The company’s 50-day moving average is $0.26 and its 200 day moving average is $0.29. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.58.

GEE Group (NYSE:JOB) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $29.46 million during the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%.

Institutional Investors Weigh In On GEE Group

Several institutional investors have recently added to or reduced their stakes in JOB. Alpha Cubed Investments LLC lifted its holdings in GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP lifted its holdings in GEE Group by 1.6% during the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares during the last quarter. 30.38% of the stock is owned by hedge funds and other institutional investors.

About GEE Group

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.