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

StockNews.com started coverage on shares of GEE Group (NYSE:JOBFree Report) in a report published on Tuesday morning. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

NYSE:JOB opened at $0.25 on Tuesday. GEE Group has a 1-year low of $0.23 and a 1-year high of $0.58. The firm has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.29. The stock has a market capitalization of $27.63 million, a PE ratio of -1.27 and a beta of 0.48.

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

Hedge Funds Weigh In On GEE Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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 valued at $150,000 after purchasing an additional 43,053 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares during the last quarter. Finally, Raffles Associates LP lifted its holdings in GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares during the last quarter. 30.38% of the stock is owned by institutional investors.

GEE Group Company Profile

(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.

Further Reading

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