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

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

GEE Group Stock Down 0.5 %

Shares of NYSE JOB opened at $0.26 on Friday. The company has a market cap of $27.74 million, a P/E ratio of 5.10 and a beta of 0.48. The business has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $0.31. GEE Group has a 52 week low of $0.23 and a 52 week high of $0.61.

GEE Group (NYSE:JOB) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share 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 for the quarter.

Institutional Trading of GEE Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JOB. Alpha Cubed Investments LLC boosted its stake 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 worth $150,000 after acquiring an additional 43,053 shares during the period. Raffles Associates LP raised its holdings in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after buying an additional 150,873 shares during the period. Renaissance Technologies LLC increased its holdings in GEE Group by 17.8% during the 2nd 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 during the period. Finally, Cable Car Capital LLC purchased a new position in GEE Group during the 4th quarter worth $2,843,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

About GEE Group

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.