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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report report published on Friday morning. The firm issued a buy rating on the stock.

GEE Group Price Performance

GEE Group stock opened at $0.34 on Friday. GEE Group has a 12-month low of $0.32 and a 12-month high of $0.63. The company has a market capitalization of $36.84 million, a price-to-earnings ratio of 4.10, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. The firm’s fifty day moving average price is $0.36 and its 200 day moving average price is $0.47.

GEE Group (NYSE:JOB) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). GEE Group had a return on equity of 8.53% and a net margin of 5.08%. The firm had revenue of $30.63 million for the quarter, compared to analysts’ expectations of $36.17 million. Analysts forecast that GEE Group will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEE Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC purchased a new stake in GEE Group during the 1st quarter worth $27,000. Virtu Financial LLC increased its stake in GEE Group by 127.8% during the 1st quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock worth $39,000 after buying an additional 39,956 shares during the period. Jane Street Group LLC bought a new stake in shares of GEE Group in the 3rd quarter worth about $75,000. Renaissance Technologies LLC increased its position in shares of GEE Group by 630.9% in the 2nd quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock worth $130,000 after purchasing an additional 215,770 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of GEE Group by 15.6% in the 1st quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock worth $338,000 after purchasing an additional 110,000 shares during the last quarter. Hedge funds and other institutional investors own 30.38% of the company’s stock.

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.