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

Equities researchers at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

JOB opened at $0.25 on Friday. The firm has a market capitalization of $27.73 million, a PE ratio of 5.10 and a beta of 0.48. The business’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.31. GEE Group has a 1 year low of $0.23 and a 1 year high of $0.61.

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

Institutional Investors Weigh In On GEE Group

Institutional investors have recently added to or reduced their stakes in the business. Raffles Associates LP raised its position in shares of GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares during the last quarter. Cable Car Capital LLC purchased a new position in shares of GEE Group in the fourth quarter worth $2,843,000. Renaissance Technologies LLC raised its holdings in shares of GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after buying an additional 176,043 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in shares of GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after buying an additional 43,053 shares during the period. Institutional investors and hedge funds 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.