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

Investment analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

GEE Group Stock Up 3.7 %

GEE Group stock opened at $0.23 on Tuesday. The firm has a 50-day moving average price of $0.23 and a two-hundred day moving average price of $0.25. The firm has a market capitalization of $24.80 million, a price-to-earnings ratio of -1.03 and a beta of 0.60. GEE Group has a 52-week low of $0.20 and a 52-week high of $0.51.

Insider Transactions at GEE Group

In related news, Director John Randall Waterfield purchased 131,779 shares of GEE Group stock in a transaction dated Tuesday, January 14th. The stock was bought at an average cost of $0.24 per share, with a total value of $31,626.96. Following the purchase, the director now owns 936,779 shares in the company, valued at approximately $224,826.96. The trade was a 16.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.72% of the company’s stock.

Institutional Trading of GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC lifted its stake in GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 as of its most recent filing with the Securities and Exchange Commission. 30.38% of the stock is currently owned by 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.