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

Analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a report released on Saturday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

NYSE:JOB opened at $0.26 on Friday. The stock has a market cap of $28.50 million, a P/E ratio of 5.24 and a beta of 0.48. GEE Group has a one year low of $0.23 and a one year high of $0.60. The company has a fifty day moving average price of $0.26 and a 200 day moving average price of $0.30.

GEE Group (NYSE:JOBGet Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. GEE Group had a negative net margin of 17.66% and a negative return on equity of 3.89%. The business had revenue of $29.46 million during the quarter.

Institutional Trading of GEE Group

Several hedge funds have recently bought and sold shares of JOB. Raffles Associates LP grew its stake in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after buying an additional 150,873 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of GEE Group by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the period. Finally, Alpha Cubed Investments LLC lifted its stake in GEE Group by 9.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after purchasing an additional 43,053 shares during the last quarter. 30.38% of the stock is currently owned by institutional investors and hedge funds.

About GEE Group

(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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