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

Equities researchers at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

Shares of NYSE JOB opened at $0.26 on Wednesday. GEE Group has a 1-year low of $0.23 and a 1-year high of $0.61. The company has a market capitalization of $28.18 million, a price-to-earnings ratio of 5.18 and a beta of 0.49. The business has a 50-day moving average of $0.28 and a 200-day moving average of $0.32.

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

Hedge Funds Weigh In On GEE Group

A number of institutional investors have recently added to or reduced their stakes in JOB. Cable Car Capital LLC purchased a new stake in GEE Group during the 4th quarter worth approximately $2,843,000. Renaissance Technologies LLC grew its position in shares of GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after buying an additional 176,043 shares in the last quarter. Raffles Associates LP increased its stake in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after buying an additional 150,873 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in shares of GEE Group by 9.7% in the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after buying an additional 43,053 shares during the last quarter. 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.