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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a report released on Saturday morning. The firm issued a buy rating on the stock.

GEE Group Stock Performance

JOB stock opened at $0.19 on Friday. GEE Group has a 52 week low of $0.18 and a 52 week high of $0.51. The company has a market capitalization of $21.01 million, a PE ratio of -0.87 and a beta of 0.52. The company’s 50-day simple moving average is $0.23 and its 200 day simple moving average is $0.24.

Insider Activity at GEE Group

In other news, Director John Randall Waterfield acquired 131,779 shares of the stock in a transaction on Tuesday, January 14th. The stock was acquired at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the transaction, the director now directly owns 936,779 shares in the company, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 16.72% of the stock is owned by insiders.

Hedge Funds Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC grew its holdings in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 at the end of the most recent quarter. 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.