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

Equities research analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a report released on Friday. The firm set a “buy” rating on the stock.

GEE Group Stock Down 2.0 %

JOB stock opened at $0.25 on Friday. The firm has a 50-day simple moving average of $0.24 and a 200-day simple moving average of $0.26. The stock has a market capitalization of $26.81 million, a P/E ratio of -1.11 and a beta of 0.60. GEE Group has a 52 week low of $0.20 and a 52 week high of $0.51.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the purchase, the director now owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This represents a 16.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC lifted its holdings in GEE Group Inc. (NYSE:JOBFree Report) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. Institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

(Get Free Report)

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.

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