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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report sent to investors on Thursday. The firm issued a buy rating on the stock.

GEE Group Trading Up 14.8 %

NYSE:JOB opened at $0.28 on Thursday. The firm has a market cap of $30.77 million, a price-to-earnings ratio of -1.28 and a beta of 0.60. GEE Group has a twelve month low of $0.20 and a twelve month high of $0.51. The company has a 50-day moving average of $0.24 and a 200-day moving average of $0.26.

Insider Buying and Selling

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of GEE Group stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, the director now directly owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.72% of the company’s stock.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC lifted its stake in GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 as of its most recent filing with the Securities and Exchange Commission. 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.