GEE Group (NYSE:JOB) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

GEE Group Trading Down 0.3 %

NYSE:JOB opened at $0.24 on Wednesday. The stock’s 50-day moving average is $0.24 and its 200-day moving average is $0.27. GEE Group has a 1-year low of $0.20 and a 1-year high of $0.51. The stock has a market cap of $25.99 million, a P/E ratio of -1.19 and a beta of 0.60.

Institutional Trading of GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC boosted its position in GEE Group Inc. (NYSE:JOB) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 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.