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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report published on Tuesday. The brokerage issued a buy rating on the stock.

GEE Group Price Performance

JOB stock opened at $0.27 on Tuesday. The business’s 50-day moving average price is $0.26 and its 200-day moving average price is $0.29. The stock has a market cap of $28.82 million, a P/E ratio of -1.33 and a beta of 0.48. GEE Group has a twelve month low of $0.23 and a twelve month high of $0.57.

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

Hedge Funds Weigh In On GEE Group

A number of hedge funds have recently made changes to their positions in the business. Alpha Cubed Investments LLC lifted its holdings 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 worth $150,000 after buying an additional 43,053 shares in the last quarter. Renaissance Technologies LLC increased its holdings 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 lifted its stake in GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after purchasing an additional 150,873 shares in the last quarter. 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.