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

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

GEE Group Trading Up 3.0 %

Shares of NYSE JOB opened at $0.22 on Friday. The firm has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.24. GEE Group has a 12 month low of $0.18 and a 12 month high of $0.51. The firm has a market capitalization of $24.15 million, a PE ratio of -1.00 and a beta of 0.52.

Insiders Place Their Bets

In other news, Director John Randall Waterfield acquired 131,779 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, the director now owns 936,779 shares in the company, valued at $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.72% of the stock is currently owned by company insiders.

Institutional Trading of GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC boosted its holdings in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.