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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a report released on Sunday morning. The firm issued a buy rating on the stock.

GEE Group Trading Down 1.1 %

Shares of GEE Group stock opened at $0.24 on Friday. The company has a 50-day moving average of $0.25 and a two-hundred day moving average of $0.28. The stock has a market cap of $26.43 million, a PE ratio of -1.22 and a beta of 0.54. GEE Group has a 12-month low of $0.22 and a 12-month high of $0.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC boosted its holdings in shares of GEE Group Inc. (NYSE:JOB) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the period. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 at the end of the most recent reporting period. Institutional investors own 30.38% of the company’s stock.

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.