StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

Equities researchers at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report released on Friday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

GEE Group stock opened at $0.25 on Friday. GEE Group has a 12 month low of $0.23 and a 12 month high of $0.55. The stock has a market cap of $27.19 million, a P/E ratio of -1.25 and a beta of 0.48. The company’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.29.

Hedge Funds Weigh In On GEE Group

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