GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

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

GEE Group Stock Down 3.2 %

NYSE JOB opened at $0.26 on Thursday. The stock has a market capitalization of $27.74 million, a P/E ratio of 5.10 and a beta of 0.49. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.61. The firm has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.31.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC grew its position in shares of GEE Group by 9.7% in the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC grew its position 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 valued at $357,000 after purchasing an additional 176,043 shares during the last quarter. Cable Car Capital LLC acquired a new stake in shares of GEE Group in the fourth quarter valued at approximately $2,843,000. Finally, Raffles Associates LP grew its position in shares of GEE Group by 1.6% in the second 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. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.