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

Equities researchers at StockNews.com started coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research report issued on Saturday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

GEE Group stock opened at $0.19 on Friday. The firm has a 50 day simple moving average of $0.23 and a 200-day simple moving average of $0.24. The stock has a market cap of $21.01 million, a price-to-earnings ratio of -0.87 and a beta of 0.52. GEE Group has a 1-year low of $0.18 and a 1-year high of $0.51.

Insiders Place Their Bets

In other GEE Group news, Director John Randall Waterfield purchased 131,779 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the acquisition, the director now owns 936,779 shares in the company, valued at $224,826.96. This trade represents a 16.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.72% of the stock is owned by insiders.

Institutional Trading of GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC raised its stake in shares of GEE Group Inc. (NYSE:JOBFree Report) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 as of its most recent SEC filing. Institutional investors and hedge funds own 30.38% of the company’s stock.

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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