StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

Investment analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Down 2.3 %

JOB stock opened at $0.23 on Tuesday. GEE Group has a twelve month low of $0.20 and a twelve month high of $0.51. The firm has a market cap of $25.05 million, a price-to-earnings ratio of -1.04 and a beta of 0.60. The business’s fifty day simple moving average is $0.23 and its two-hundred day simple moving average is $0.25.

Insider Buying and Selling

In other news, Director John Randall Waterfield acquired 131,779 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average price of $0.24 per share, with a total value of $31,626.96. Following the completion of the purchase, the director now directly owns 936,779 shares in the company, valued at $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC raised its stake in shares of GEE Group Inc. (NYSE:JOB) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.