GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note released on Friday. The firm issued a buy rating on the stock.

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.25 on Friday. The company has a market capitalization of $26.81 million, a PE ratio of -1.11 and a beta of 0.60. GEE Group has a 1 year low of $0.20 and a 1 year high of $0.51. The business has a fifty day moving average price of $0.24 and a two-hundred day moving average price of $0.26.

Insider Activity at GEE Group

In other GEE Group news, Director John Randall Waterfield purchased 131,779 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the purchase, the director now owns 936,779 shares of the company’s stock, valued at $224,826.96. This represents a 16.37 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC increased its stake in GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the period. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 30.38% of the company’s stock.

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.