GEE Group (NYSE:JOB) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Stock Up 9.2 %

GEE Group stock opened at $0.26 on Wednesday. The firm’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.32. GEE Group has a 52 week low of $0.23 and a 52 week high of $0.61. The firm has a market capitalization of $28.18 million, a PE ratio of 5.18 and a beta of 0.49.

GEE Group (NYSE:JOB) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. GEE Group had a negative net margin of 17.66% and a negative return on equity of 3.89%. The business had revenue of $29.46 million during the quarter.

Institutional Trading of GEE Group

A number of hedge funds have recently bought and sold shares of the company. Alpha Cubed Investments LLC boosted its stake in GEE Group by 9.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after buying an additional 43,053 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after acquiring an additional 176,043 shares during the last quarter. Cable Car Capital LLC purchased a new stake in GEE Group in the fourth quarter valued at approximately $2,843,000. Finally, Raffles Associates LP increased its position in GEE Group by 1.6% during the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after purchasing an additional 150,873 shares during the last quarter. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.