Begins Coverage on GEE Group (NYSE:JOB) started coverage on shares of GEE Group (NYSE:JOBFree Report) in a research report released on Friday. The firm issued a buy rating on the stock.

GEE Group Trading Up 0.5 %

Shares of NYSE JOB opened at $0.33 on Friday. The firm has a market capitalization of $35.89 million, a P/E ratio of 4.71, a P/E/G ratio of 1.10 and a beta of 0.53. The firm’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.46. GEE Group has a 1-year low of $0.32 and a 1-year high of $0.63.

GEE Group (NYSE:JOBGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $30.63 million during the quarter, compared to the consensus estimate of $36.17 million. GEE Group had a return on equity of 8.53% and a net margin of 5.08%. Equities research analysts forecast that GEE Group will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JOB. Commonwealth Equity Services LLC bought a new position in GEE Group during the 1st quarter valued at $27,000. Virtu Financial LLC lifted its position in shares of GEE Group by 127.8% during the first quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock valued at $39,000 after purchasing an additional 39,956 shares in the last quarter. Jane Street Group LLC purchased a new position in GEE Group during the third quarter worth about $75,000. Renaissance Technologies LLC grew its position in GEE Group by 630.9% in the 2nd quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock worth $130,000 after purchasing an additional 215,770 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in GEE Group by 7.2% in the 4th quarter. Ancora Advisors LLC now owns 705,617 shares of the company’s stock worth $346,000 after purchasing an additional 47,236 shares in the last quarter. 30.38% of the stock is currently owned by institutional investors and hedge funds.

About GEE Group

(Get Free Report)

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.

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