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

StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research report report published on Wednesday morning. The brokerage issued a buy rating on the stock.

GEE Group Trading Down 0.3 %

JOB stock opened at $0.24 on Wednesday. GEE Group has a 12 month low of $0.20 and a 12 month high of $0.51. The company has a market cap of $25.99 million, a price-to-earnings ratio of -1.19 and a beta of 0.60. The firm has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC boosted its position in GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.