GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note released on Friday. The firm issued a buy rating on the stock.

GEE Group Stock Performance

JOB stock remained flat at $0.28 during trading on Friday. The company had a trading volume of 471,984 shares, compared to its average volume of 260,091. The stock has a market cap of $30.45 million, a price-to-earnings ratio of 5.60 and a beta of 0.54. GEE Group has a 1 year low of $0.24 and a 1 year high of $0.63. The company has a fifty day simple moving average of $0.32 and a 200-day simple moving average of $0.35.

Insider Activity at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 99,121 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $0.36 per share, for a total transaction of $35,683.56. Following the transaction, the director now owns 454,121 shares of the company’s stock, valued at approximately $163,483.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 535,612 shares of company stock worth $196,161 in the last quarter. Company insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On GEE Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after purchasing an additional 176,043 shares during the period. Alpha Cubed Investments LLC increased its position in GEE Group by 9.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after purchasing an additional 43,053 shares during the period. Finally, Cable Car Capital LLC acquired a new position in GEE Group during the 4th quarter worth approximately $2,843,000. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.