GEE Group (NYSE:JOB) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

JOB opened at $0.25 on Wednesday. The business has a fifty day simple moving average of $0.26 and a 200-day simple moving average of $0.29. The firm has a market cap of $27.67 million, a PE ratio of -1.28 and a beta of 0.48. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.56.

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

Institutional Trading of GEE Group

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

GEE Group Company Profile

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.