GEE Group (NYSE:JOB) Coverage Initiated by Analysts at StockNews.com

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

GEE Group Stock Performance

JOB opened at $0.25 on Tuesday. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.58. The company has a market capitalization of $27.63 million, a P/E ratio of -1.27 and a beta of 0.48. The stock has a fifty day moving average of $0.26 and a 200-day moving average of $0.29.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raffles Associates LP raised its stake in GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares in the last quarter. Renaissance Technologies LLC raised its stake in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in GEE Group by 9.7% in 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. Institutional investors and hedge funds 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.