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

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

GEE Group Stock Performance

JOB opened at $0.26 on Friday. The company has a fifty day moving average of $0.26 and a two-hundred day moving average of $0.30. The stock has a market capitalization of $28.29 million, a price-to-earnings ratio of 5.20 and a beta of 0.48. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.59.

GEE Group (NYSE:JOB) last announced its quarterly earnings results 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JOB. Alpha Cubed Investments LLC increased its holdings in GEE Group by 9.7% in the 2nd 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the period. Finally, Raffles Associates LP grew its position 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 valued at $2,913,000 after purchasing an additional 150,873 shares during the period. 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.