StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB – Free Report) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the stock.
GEE Group Trading Up 1.7 %
Shares of NYSE JOB opened at $0.25 on Thursday. GEE Group has a one year low of $0.23 and a one year high of $0.55. The business has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.29. The firm has a market capitalization of $27.19 million, a PE ratio of -1.25 and a beta of 0.48.
Institutional Trading of GEE Group
Institutional investors have recently bought and sold shares of the company. Alpha Cubed Investments LLC lifted its stake in shares of 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. Raffles Associates LP grew its position in GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after purchasing an additional 150,873 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 worth $357,000 after acquiring an additional 176,043 shares during the period. 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.
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