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

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

GEE Group Price Performance

JOB stock opened at $0.23 on Tuesday. GEE Group has a 52-week low of $0.20 and a 52-week high of $0.51. The company’s 50 day simple moving average is $0.23 and its 200-day simple moving average is $0.25. The firm has a market capitalization of $24.80 million, a P/E ratio of -1.03 and a beta of 0.60.

Insider Activity

In other news, Director John Randall Waterfield purchased 131,779 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were acquired at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, the director now directly owns 936,779 shares of the company’s stock, valued at $224,826.96. The trade was a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 16.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC raised its stake in GEE Group Inc. (NYSE:JOB) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 623,748 shares of the company’s stock after buying an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.