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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note released on Monday. The firm issued a buy rating on the stock.

GEE Group Price Performance

Shares of NYSE JOB opened at $0.25 on Monday. The stock has a market capitalization of $27.15 million, a PE ratio of -1.25 and a beta of 0.48. GEE Group has a fifty-two week low of $0.23 and a fifty-two week high of $0.59. The business has a fifty day moving average price of $0.26 and a two-hundred day moving average price of $0.30.

GEE Group (NYSE:JOB) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%. The firm had revenue of $29.46 million for the quarter.

Institutional Investors Weigh In On GEE Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC raised its holdings in shares of GEE Group by 9.7% during the 2nd 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 in the last quarter. Raffles Associates LP boosted 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 valued at $2,913,000 after purchasing an additional 150,873 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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. 30.38% of the stock is currently owned by 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.