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

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

GEE Group Stock Performance

Shares of JOB stock opened at $0.32 on Friday. The stock has a market cap of $35.24 million, a PE ratio of 4.63, a P/E/G ratio of 1.07 and a beta of 0.55. GEE Group has a 1 year low of $0.30 and a 1 year high of $0.63. The stock has a fifty day moving average price of $0.35 and a 200 day moving average price of $0.44.

GEE Group (NYSE:JOB) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). GEE Group had a net margin of 5.08% and a return on equity of 8.53%. The business had revenue of $30.63 million during the quarter, compared to analyst estimates of $36.17 million. As a group, equities research analysts predict that GEE Group will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GEE Group stock. Cable Car Capital LLC bought a new position in GEE Group Inc. (NYSE:JOB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group accounts for approximately 3.2% of Cable Car Capital LLC’s holdings, making the stock its 12th biggest position. Cable Car Capital LLC owned about 5.23% of GEE Group as of its most recent filing with the Securities and Exchange Commission. 30.38% of the stock is currently owned by institutional investors.

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.