GEE Group (NYSE:JOB) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Trading Down 14.5 %

Shares of NYSE:JOB opened at $0.24 on Wednesday. The stock has a fifty day simple moving average of $0.24 and a two-hundred day simple moving average of $0.27. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51. The stock has a market capitalization of $26.06 million, a price-to-earnings ratio of -1.19 and a beta of 0.60.

Institutional Trading of GEE Group

A hedge fund recently raised its stake in GEE Group stock. Raffles Associates LP lifted its holdings in shares of GEE Group Inc. (NYSE:JOB) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,499,638 shares of the company’s stock after buying an additional 150,873 shares during the period. GEE Group makes up 3.3% of Raffles Associates LP’s portfolio, making the stock its 11th biggest position. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 as of its most recent SEC filing. 30.38% of the stock is owned by 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.