StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

Posted by James Conley on Feb 4th, 2025

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

GEE Group Stock Performance

NYSE:JOB opened at $0.23 on Friday. The firm has a market cap of $24.73 million, a P/E ratio of -1.03 and a beta of 0.60. The firm has a 50-day simple moving average of $0.24 and a two-hundred day simple moving average of $0.26. GEE Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.51.

Insider Buying and Selling at GEE Group

In related news, Director John Randall Waterfield acquired 131,779 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were purchased 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 directly owns 936,779 shares in the company, valued at $224,826.96. The trade was a 16.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.72% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC raised its position in GEE Group Inc. (NYSE:JOB – Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors and hedge funds.

About GEE Group

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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.