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

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

Shares of GEE Group stock opened at $0.33 on Friday. GEE Group has a one year low of $0.32 and a one year high of $0.63. The firm has a market capitalization of $35.68 million, a price-to-earnings ratio of 4.69, a PEG ratio of 1.10 and a beta of 0.53. The business has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.47.

GEE Group (NYSE:JOB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $30.63 million for the quarter, compared to the consensus estimate of $36.17 million. GEE Group had a return on equity of 8.53% and a net margin of 5.08%. On average, sell-side analysts expect that GEE Group will post 0.02 EPS for the current year.

Institutional Trading of GEE Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its holdings in shares of GEE Group by 127.8% in the first quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock valued at $39,000 after acquiring an additional 39,956 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of GEE Group by 630.9% in the second quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock valued at $130,000 after acquiring an additional 215,770 shares in the last quarter. Jane Street Group LLC bought a new position in shares of GEE Group in the third quarter valued at approximately $75,000. Ancora Advisors LLC grew its holdings in shares of GEE Group by 7.2% in the fourth quarter. Ancora Advisors LLC now owns 705,617 shares of the company’s stock valued at $346,000 after acquiring an additional 47,236 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of GEE Group in the first quarter valued at approximately $27,000. 30.38% of the stock is 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.