GEE Group (NYSE:JOB) Coverage Initiated by Analysts at StockNews.com

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

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.22 on Monday. GEE Group has a one year low of $0.21 and a one year high of $0.52. The company has a market cap of $23.52 million, a price-to-earnings ratio of -1.07 and a beta of 0.54. The firm has a 50 day simple moving average of $0.25 and a 200 day simple moving average of $0.27.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Raffles Associates LP raised its position in GEE Group Inc. (NYSE:JOB) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the quarter. GEE Group accounts for about 3.3% of Raffles Associates LP’s holdings, making the stock its 11th biggest holding. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 at the end of the most recent reporting period. 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.