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

Equities researchers at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report issued on Friday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

NYSE:JOB opened at $0.25 on Friday. GEE Group has a one year low of $0.23 and a one year high of $0.55. The company has a fifty day moving average price of $0.26 and a 200 day moving average price of $0.29. The stock has a market cap of $27.19 million, a P/E ratio of -1.25 and a beta of 0.48.

Hedge Funds Weigh In On GEE Group

Several institutional investors have recently bought and sold shares of the business. Alpha Cubed Investments LLC raised its stake in shares of GEE Group by 9.7% during 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 during the last quarter. Renaissance Technologies LLC boosted its stake in 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 acquiring an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP grew 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 worth $2,913,000 after acquiring an additional 150,873 shares during the period. 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.