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

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

GEE Group Stock Performance

NYSE JOB opened at $0.25 on Thursday. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.55. The company has a fifty day moving average of $0.26 and a 200-day moving average of $0.29. The company has a market capitalization of $26.74 million, a P/E ratio of -1.23 and a beta of 0.48.

Hedge Funds Weigh In On GEE Group

A number of large investors have recently modified their holdings of JOB. Alpha Cubed Investments LLC increased its holdings 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 period. Raffles Associates LP grew 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 acquiring an additional 150,873 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in GEE Group by 17.8% in 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 during the period. 30.38% of the stock is owned by hedge funds and other institutional investors.

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.