GEE Group (NYSE:JOB) Now Covered by Analysts at StockNews.com

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

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.28 on Wednesday. The business’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.32. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.61. The firm has a market cap of $30.46 million, a PE ratio of 5.60 and a beta of 0.49.

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

Institutional Investors Weigh In On GEE Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Car Capital LLC bought a new position in GEE Group in the fourth quarter valued at approximately $2,843,000. Renaissance Technologies LLC grew its stake in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares in the last quarter. Raffles Associates LP grew its stake in GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in 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 purchasing an additional 43,053 shares in the last quarter. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.