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

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

GEE Group Trading Down 0.6 %

Shares of JOB opened at $0.23 on Tuesday. The firm has a fifty day moving average price of $0.23 and a 200-day moving average price of $0.25. The firm has a market capitalization of $24.66 million, a P/E ratio of -1.02 and a beta of 0.60. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51.

Insider Activity at GEE Group

In other GEE Group news, Director John Randall Waterfield acquired 131,779 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the purchase, the director now owns 936,779 shares in the company, valued at approximately $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC increased its position in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned about 0.57% of GEE Group worth $129,000 as of its most recent SEC filing. Hedge funds and other 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.