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

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

GEE Group Price Performance

JOB opened at $0.26 on Friday. The firm has a market cap of $27.74 million, a PE ratio of 5.10 and a beta of 0.48. The stock has a 50-day moving average price of $0.27 and a 200-day moving average price of $0.31. GEE Group has a 1 year low of $0.23 and a 1 year high of $0.61.

GEE Group (NYSE:JOB) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%. The firm had revenue of $29.46 million during the quarter.

Institutional Trading of GEE Group

A number of institutional investors and hedge funds have recently modified their holdings of JOB. Alpha Cubed Investments LLC boosted its position in shares of GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares during the last quarter. Renaissance Technologies LLC lifted its stake in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after acquiring an additional 176,043 shares during the period. Cable Car Capital LLC purchased a new stake in shares of GEE Group during the 4th quarter valued at about $2,843,000. Finally, Raffles Associates LP grew its stake in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares during the period. 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.