Equities researchers at StockNews.com started coverage on shares of GEE Group (NYSE:JOB – Get Free Report) in a report released on Thursday. The firm set a “buy” rating on the stock.
GEE Group Stock Performance
Shares of NYSE:JOB opened at $0.25 on Thursday. GEE Group has a one year low of $0.23 and a one year high of $0.55. The stock has a market capitalization of $27.17 million, a price-to-earnings ratio of -1.25 and a beta of 0.48. The company has a 50-day simple moving average of $0.26 and a 200-day simple moving average of $0.29.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of JOB. Renaissance Technologies LLC grew its position in GEE Group by 17.8% in the 2nd 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 during the last quarter. Raffles Associates LP lifted its stake in shares of GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares during the period. 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 valued at $150,000 after acquiring an additional 43,053 shares in 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.
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