GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report report published on Tuesday. The firm issued a buy rating on the stock.

GEE Group Stock Up 1.8 %

Shares of JOB stock opened at $0.21 on Tuesday. The company’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $0.27. GEE Group has a 52 week low of $0.20 and a 52 week high of $0.51. The stock has a market cap of $23.05 million, a P/E ratio of -1.05 and a beta of 0.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC raised its holdings in shares of GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,163,672 shares of the company’s stock after purchasing an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned 1.07% of GEE Group worth $357,000 as of its most recent filing with the Securities & Exchange Commission. 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.