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

Analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a report released on Saturday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

Shares of JOB opened at $0.25 on Friday. GEE Group has a 12-month low of $0.23 and a 12-month high of $0.55. The business’s fifty day moving average price is $0.26 and its 200 day moving average price is $0.28. The stock has a market capitalization of $26.82 million, a PE ratio of -1.23 and a beta of 0.54.

Institutional Investors Weigh In On GEE Group

A number of institutional investors have recently modified their holdings of JOB. Alpha Cubed Investments LLC grew its stake in GEE Group by 9.7% during the 2nd 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 last quarter. Renaissance Technologies LLC boosted its holdings in shares of GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after acquiring an additional 176,043 shares during the period. Finally, Raffles Associates LP grew its position in shares of GEE Group by 1.6% during the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares during the last quarter. Institutional investors 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.