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

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

GEE Group Stock Up 5.5 %

Shares of GEE Group stock opened at $0.27 on Thursday. The stock has a market capitalization of $29.04 million, a P/E ratio of 5.34 and a beta of 0.49. The stock has a 50 day moving average price of $0.28 and a two-hundred day moving average price of $0.31. GEE Group has a 12-month low of $0.23 and a 12-month high of $0.61.

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

Institutional Trading of GEE Group

Large investors have recently made changes to their positions in the business. Raffles Associates LP boosted its holdings 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 acquiring an additional 150,873 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after buying an additional 176,043 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after buying an additional 43,053 shares during the last quarter. Finally, Cable Car Capital LLC bought a new position in GEE Group during the fourth quarter worth about $2,843,000. Institutional investors 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.