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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report issued on Thursday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.21 on Thursday. GEE Group has a one year low of $0.20 and a one year high of $0.51. The stock’s fifty day moving average is $0.24 and its 200 day moving average is $0.24. The stock has a market cap of $22.47 million, a P/E ratio of -0.93 and a beta of 0.52.

Insiders Place Their Bets

In other GEE Group news, Director John Randall Waterfield purchased 131,779 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the purchase, the director now owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This represents a 16.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC grew its position in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the period. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. 30.38% of the stock is 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.