GEE Group (NYSE:JOB) Now Covered by StockNews.com

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

GEE Group Stock Up 1.8 %

Shares of JOB opened at $0.21 on Tuesday. The business has a fifty day moving average of $0.24 and a 200 day moving average of $0.27. The company has a market cap of $23.05 million, a PE ratio of -1.05 and a beta of 0.54. GEE Group has a 52-week low of $0.20 and a 52-week high of $0.51.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC boosted its position in GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,163,672 shares of the company’s stock after purchasing an additional 176,043 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 30.38% of the stock is currently owned by 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.