GEE Group (NYSE:JOB) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a note issued to investors on Sunday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of JOB stock opened at $0.24 on Friday. The stock has a fifty day simple moving average of $0.25 and a two-hundred day simple moving average of $0.28. The firm has a market capitalization of $26.43 million, a PE ratio of -1.22 and a beta of 0.54. GEE Group has a 52-week low of $0.22 and a 52-week high of $0.55.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP boosted its position in shares of GEE Group Inc. (NYSE:JOB) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the quarter. GEE Group comprises about 3.3% of Raffles Associates LP’s portfolio, making the stock its 11th biggest position. Raffles Associates LP owned 8.73% of GEE Group worth $2,913,000 at the end of the most recent reporting 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.