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

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

GEE Group Price Performance

NYSE JOB opened at $0.25 on Thursday. The firm has a market cap of $27.19 million, a P/E ratio of -1.25 and a beta of 0.48. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.55. The business’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.29.

Institutional Investors Weigh In On GEE Group

Several large investors have recently modified their holdings of JOB. Alpha Cubed Investments LLC grew its position in GEE Group by 9.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares during the last quarter. Renaissance Technologies LLC raised its position in GEE Group by 17.8% during the 2nd 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 during the last quarter. Finally, Raffles Associates LP lifted its stake in shares of GEE Group by 1.6% in 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 period. Hedge funds and other institutional investors 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.