GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

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

GEE Group Stock Down 6.9 %

JOB opened at $0.22 on Wednesday. GEE Group has a twelve month low of $0.20 and a twelve month high of $0.51. The company has a market cap of $24.18 million, a PE ratio of -1.10 and a beta of 0.60. The company has a 50-day moving average price of $0.24 and a 200 day moving average price of $0.26.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC increased its holdings in GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 at the end of the most recent quarter. Institutional investors own 30.38% of the company’s stock.

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.