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

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

GEE Group Price Performance

GEE Group stock opened at $0.26 on Wednesday. GEE Group has a 1-year low of $0.23 and a 1-year high of $0.56. The stock has a market cap of $28.35 million, a PE ratio of -1.30 and a beta of 0.48. The stock’s fifty day moving average is $0.26 and its two-hundred day moving average is $0.29.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JOB. Alpha Cubed Investments LLC grew its holdings 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 purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC boosted 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 valued at $357,000 after purchasing an additional 176,043 shares during the period. Finally, Raffles Associates LP grew its stake in GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after buying an additional 150,873 shares during the last quarter. 30.38% of the stock is owned by hedge funds and other institutional investors.

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.