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

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

GEE Group Trading Down 6.9 %

NYSE:JOB opened at $0.22 on Wednesday. The firm has a market capitalization of $24.18 million, a price-to-earnings ratio of -1.10 and a beta of 0.60. GEE Group has a twelve month low of $0.20 and a twelve month high of $0.51. The firm’s fifty day simple moving average is $0.24 and its 200 day simple moving average is $0.26.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC lifted its position in GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 as of its most recent filing with the SEC. 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.