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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note published on Thursday morning. The brokerage issued a buy rating on the stock.

GEE Group Price Performance

JOB stock opened at $0.25 on Thursday. The business has a 50 day moving average price of $0.26 and a 200 day moving average price of $0.29. The stock has a market cap of $27.19 million, a price-to-earnings ratio of -1.25 and a beta of 0.48. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JOB. Alpha Cubed Investments LLC boosted its stake in GEE Group by 9.7% in the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after acquiring an additional 43,053 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of GEE Group by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP boosted its position in shares of GEE Group by 1.6% in the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares during the period. 30.38% of the stock is 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.