StockNews.com Initiates Coverage on GEE Group (NYSE:JOB)

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report released on Thursday morning. The firm issued a buy rating on the stock.

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.25 on Thursday. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.55. The stock has a market capitalization of $26.74 million, a PE ratio of -1.23 and a beta of 0.48. The company has a 50-day simple moving average of $0.26 and a two-hundred day simple moving average of $0.29.

Institutional Investors Weigh In On GEE Group

Hedge funds have recently modified their holdings of the business. Alpha Cubed Investments LLC grew its holdings in GEE Group by 9.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares in the last quarter. Renaissance Technologies LLC raised its position in GEE Group by 17.8% in 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. Finally, Raffles Associates LP grew its position in 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 acquiring an additional 150,873 shares during the last quarter. 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.