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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the stock.

GEE Group Price Performance

NYSE JOB opened at $0.24 on Wednesday. The stock’s 50-day moving average is $0.26 and its 200-day moving average is $0.29. GEE Group has a one year low of $0.23 and a one year high of $0.55. The firm has a market cap of $26.03 million, a P/E ratio of -1.20 and a beta of 0.48.

GEE Group (NYSE:JOB) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. GEE Group had a negative net margin of 17.66% and a negative return on equity of 3.89%. The firm had revenue of $29.46 million for the quarter.

Institutional Trading of GEE Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alpha Cubed Investments LLC boosted its stake in shares of GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after purchasing an additional 43,053 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 buying an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP boosted its position in GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after buying an additional 150,873 shares during the period. Institutional investors own 30.38% of the company’s stock.

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.