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

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

GEE Group Stock Up 0.2 %

Shares of JOB stock opened at $0.21 on Friday. The business’s 50 day moving average is $0.23 and its two-hundred day moving average is $0.24. GEE Group has a 12 month low of $0.18 and a 12 month high of $0.51. The company has a market cap of $23.44 million, a PE ratio of -0.97 and a beta of 0.52.

Insider Buying and Selling

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was purchased at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the purchase, the director now directly owns 936,779 shares in the company, valued at $224,826.96. This trade 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. Insiders own 16.72% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC lifted its stake in GEE Group Inc. (NYSE:JOB) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.