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

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

GEE Group Stock Performance

GEE Group stock opened at $0.24 on Friday. GEE Group has a 52 week low of $0.20 and a 52 week high of $0.51. The stock has a market capitalization of $25.93 million, a P/E ratio of -1.08 and a beta of 0.60. The stock has a fifty day moving average of $0.24 and a 200-day moving average of $0.25.

Insider Transactions at GEE Group

In other news, Director John Randall Waterfield bought 131,779 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was purchased at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the transaction, the director now owns 936,779 shares of the company’s stock, valued at $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.72% 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.