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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note released on Monday. The firm issued a buy rating on the stock.

GEE Group Trading Down 7.8 %

Shares of JOB stock opened at $0.21 on Monday. The company has a market capitalization of $22.89 million, a P/E ratio of -1.05 and a beta of 0.54. The business’s 50 day moving average is $0.25 and its two-hundred day moving average is $0.27. GEE Group has a twelve month low of $0.21 and a twelve month high of $0.52.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC lifted 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 filing with the Securities and Exchange Commission. The institutional investor owned 1,163,672 shares of the company’s stock after buying 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.

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.