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

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the stock.

GEE Group Stock Down 3.5 %

Shares of JOB stock opened at $0.22 on Friday. The stock has a market cap of $24.15 million, a P/E ratio of -1.11 and a beta of 0.54. The company’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $0.28. GEE Group has a 52 week low of $0.21 and a 52 week high of $0.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC increased its stake in GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,163,672 shares of the company’s stock after acquiring 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 hedge funds and other institutional investors.

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.