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

Investment analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Down 3.0 %

NYSE JOB opened at $0.25 on Monday. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.59. The firm has a 50-day moving average price of $0.26 and a 200 day moving average price of $0.30. The stock has a market capitalization of $27.36 million, a P/E ratio of 5.03 and a beta of 0.48.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC increased its position in shares of GEE Group by 9.7% in the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares in the last quarter. Renaissance Technologies LLC grew its stake in GEE Group by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after acquiring an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP increased its holdings in GEE Group by 1.6% during the 2nd 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 in the last quarter. 30.38% of the stock is 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.