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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

Shares of NYSE:JOB opened at $0.21 on Tuesday. The firm has a market cap of $22.65 million, a price-to-earnings ratio of -1.03 and a beta of 0.54. The firm has a fifty day moving average price of $0.24 and a 200 day moving average price of $0.27. GEE Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.51.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its stake in GEE Group stock. Raffles Associates LP increased its holdings in shares of GEE Group Inc. (NYSE:JOB) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the period. GEE Group accounts for 3.3% of Raffles Associates LP’s holdings, making the stock its 11th biggest holding. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by 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.