GEE Group (NYSE:JOB) Research Coverage Started at StockNews.com

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

GEE Group Price Performance

JOB stock opened at $0.21 on Thursday. GEE Group has a 1 year low of $0.20 and a 1 year high of $0.51. The stock’s fifty day moving average price is $0.24 and its 200-day moving average price is $0.24. The company has a market cap of $22.47 million, a P/E ratio of -0.93 and a beta of 0.52.

Insider Buying and Selling

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the transaction, the director now directly owns 936,779 shares of the company’s stock, valued at approximately $224,826.96. This represents a 16.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC raised its position in GEE Group Inc. (NYSE:JOB) by 16.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the period. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 at the end of the most recent quarter. 30.38% of the stock is owned by hedge funds and other 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.