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

Analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

GEE Group Trading Up 7.7%

Shares of GEE Group stock opened at $0.19 on Friday. The stock has a market capitalization of $21.22 million, a price-to-earnings ratio of -0.88 and a beta of 1.10. The firm’s 50-day moving average price is $0.19 and its two-hundred day moving average price is $0.22. GEE Group has a 1-year low of $0.17 and a 1-year high of $0.51.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC grew its holdings in GEE Group Inc. (NYSE:JOB) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned about 0.57% of GEE Group worth $129,000 as of its most recent filing with the SEC. 30.38% of the stock is owned by hedge funds and other institutional investors.

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.