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

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

GEE Group Stock Performance

NYSE JOB opened at $0.26 on Friday. The business’s fifty day moving average is $0.26 and its 200 day moving average is $0.30. The company has a market capitalization of $28.47 million, a PE ratio of 5.23 and a beta of 0.48. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.59.

GEE Group (NYSE:JOB) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $29.46 million for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JOB. Alpha Cubed Investments LLC raised its holdings in shares of GEE Group by 9.7% in the second 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. Renaissance Technologies LLC raised its holdings in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after purchasing an additional 176,043 shares in the last quarter. Finally, Raffles Associates LP boosted its holdings in shares of GEE Group by 1.6% in the 2nd 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. 30.38% of the stock is currently 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.