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

Investment analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research note issued on Saturday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

NYSE JOB opened at $0.23 on Friday. GEE Group has a 52-week low of $0.20 and a 52-week high of $0.51. The stock has a market cap of $25.20 million, a PE ratio of -1.05 and a beta of 0.60. The firm has a 50-day moving average of $0.24 and a 200-day moving average of $0.26.

Insider Transactions at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of GEE Group stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the transaction, the director now owns 936,779 shares in the company, valued at $224,826.96. The trade was a 16.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC lifted its stake in shares of GEE Group Inc. (NYSE:JOBFree Report) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,163,672 shares of the company’s stock after purchasing an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors.

GEE Group Company Profile

(Get Free Report)

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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