GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

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

GEE Group Price Performance

NYSE JOB opened at $0.27 on Thursday. The firm has a market cap of $29.04 million, a P/E ratio of 5.34 and a beta of 0.49. The stock’s 50-day moving average is $0.28 and its 200-day moving average is $0.31. GEE Group has a one year low of $0.23 and a one year high of $0.61.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JOB. Raffles Associates LP boosted its stake in shares of GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares during the period. Cable Car Capital LLC bought a new position in GEE Group in the fourth quarter valued at about $2,843,000. Renaissance Technologies LLC increased its position in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after purchasing an additional 176,043 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted 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 valued at $150,000 after purchasing an additional 43,053 shares during the last quarter. Institutional investors and hedge funds own 30.38% of the company’s stock.

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.