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

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

GEE Group Stock Performance

Shares of NYSE JOB opened at $0.26 on Friday. GEE Group has a twelve month low of $0.23 and a twelve month high of $0.59. The firm has a 50-day moving average of $0.26 and a two-hundred day moving average of $0.30. The company has a market capitalization of $28.29 million, a price-to-earnings ratio of 5.20 and a beta of 0.48.

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

Hedge Funds Weigh In On GEE Group

Hedge funds have recently modified their holdings of the stock. Raffles Associates LP lifted its holdings 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 valued at $2,913,000 after purchasing an additional 150,873 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 buying an additional 176,043 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings 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 worth $150,000 after buying an additional 43,053 shares during the period. 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.