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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note released on Saturday morning. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

JOB stock opened at $0.32 on Friday. GEE Group has a 1-year low of $0.30 and a 1-year high of $0.63. The business’s 50 day moving average is $0.36 and its 200-day moving average is $0.45. The firm has a market cap of $34.51 million, a P/E ratio of 4.53, a P/E/G ratio of 1.07 and a beta of 0.53.

GEE Group (NYSE:JOB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). GEE Group had a net margin of 5.08% and a return on equity of 8.53%. The company had revenue of $30.63 million during the quarter, compared to analyst estimates of $36.17 million. Sell-side analysts forecast that GEE Group will post 0.02 EPS for the current year.

Hedge Funds Weigh In On GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC acquired a new position in shares of GEE Group Inc. (NYSE:JOB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises about 3.2% of Cable Car Capital LLC’s portfolio, making the stock its 12th biggest position. Cable Car Capital LLC owned approximately 5.23% of GEE Group as of its most recent SEC filing. 30.38% of the stock is 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.