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

Investment analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

NYSE JOB opened at $0.25 on Wednesday. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.56. The stock’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.29. The firm has a market cap of $27.67 million, a P/E ratio of -1.28 and a beta of 0.48.

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

Institutional Investors Weigh In On GEE Group

Several hedge funds and other institutional investors have recently made changes to their positions in JOB. Alpha Cubed Investments LLC grew its position in shares of 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 during the last quarter. Renaissance Technologies LLC grew its position in shares of 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 during the last quarter. Finally, Raffles Associates LP grew its position in shares of 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 during the last quarter. 30.38% of the stock is 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.