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

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

GEE Group Stock Up 5.1 %

Shares of GEE Group stock opened at $0.23 on Monday. The stock has a 50 day moving average price of $0.25 and a two-hundred day moving average price of $0.28. GEE Group has a 12-month low of $0.21 and a 12-month high of $0.52. The stock has a market capitalization of $24.81 million, a P/E ratio of -1.14 and a beta of 0.54.

Hedge Funds Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC increased its holdings in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.