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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note published on Wednesday. The firm issued a buy rating on the stock.

GEE Group Trading Down 5.0 %

JOB opened at $0.24 on Wednesday. GEE Group has a twelve month low of $0.23 and a twelve month high of $0.55. The firm has a market capitalization of $26.03 million, a PE ratio of -1.20 and a beta of 0.48. The firm’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.29.

GEE Group (NYSE:JOB) last issued 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 return on equity of 3.89% and a negative net margin of 17.66%.

Institutional Investors Weigh In On GEE Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its position 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 purchasing an additional 176,043 shares in the last quarter. Raffles Associates LP lifted its position in shares of GEE Group by 1.6% during 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 during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in 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 during the last quarter. Hedge funds and other 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.