GEE Group (NYSE:JOB) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report released on Monday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

NYSE:JOB opened at $0.19 on Monday. The company has a market cap of $20.79 million, a price-to-earnings ratio of -0.86 and a beta of 0.81. GEE Group has a fifty-two week low of $0.18 and a fifty-two week high of $0.51. The stock has a fifty day moving average price of $0.22 and a 200-day moving average price of $0.24.

Insiders Place Their Bets

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was purchased at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the purchase, the director now directly owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 16.72% of the company’s stock.

Hedge Funds Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC grew its holdings in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the 4th quarter, according to the company in its most recent disclosure 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 0.57% of GEE Group worth $129,000 at the end of the most recent quarter. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.