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

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

GEE Group Stock Up 2.2 %

NYSE JOB opened at $0.22 on Monday. GEE Group has a 52 week low of $0.21 and a 52 week high of $0.52. The company has a market capitalization of $23.39 million, a P/E ratio of -1.07 and a beta of 0.54. The stock’s 50-day moving average price is $0.25 and its 200-day moving average price is $0.27.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC lifted its position in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 at the end of the most recent quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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.