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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Up 3.5 %

JOB opened at $0.26 on Tuesday. The firm has a market cap of $28.15 million, a P/E ratio of -1.29 and a beta of 0.48. GEE Group has a 52 week low of $0.23 and a 52 week high of $0.58. The business’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.29.

GEE Group (NYSE:JOB) last issued 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 business had revenue of $29.46 million during the quarter.

Institutional Investors Weigh In On GEE Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha Cubed Investments LLC increased its holdings 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 purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC increased its holdings in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after purchasing an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP increased its holdings in GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after purchasing an additional 150,873 shares during the last quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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.