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

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

GEE Group Stock Performance

Shares of JOB stock opened at $0.25 on Monday. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.59. The stock has a market cap of $27.18 million, a price-to-earnings ratio of -1.25 and a beta of 0.48. The firm’s 50-day moving average is $0.26 and its 200-day moving average is $0.30.

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

Institutional Trading of GEE Group

A number of hedge funds have recently modified their holdings of the stock. Alpha Cubed Investments LLC lifted its holdings in GEE Group by 9.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC grew its holdings in GEE Group by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after buying an additional 176,043 shares in the last quarter. Finally, Raffles Associates LP increased its position in 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 buying an additional 150,873 shares during the period. 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.