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 Tuesday morning. The firm issued a buy rating on the stock.

GEE Group Price Performance

NYSE JOB opened at $0.24 on Tuesday. The stock has a market capitalization of $26.11 million, a P/E ratio of 4.80 and a beta of 0.50. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.62. The firm has a 50-day moving average price of $0.29 and a 200 day moving average price of $0.32.

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

Hedge Funds Weigh In On GEE Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Cubed Investments LLC boosted its position in GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after purchasing an additional 43,053 shares in the last quarter. Renaissance Technologies LLC grew 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 valued at $357,000 after acquiring an additional 176,043 shares during the last quarter. Cable Car Capital LLC purchased a new position in GEE Group during the 4th quarter valued at about $2,843,000. Finally, Raffles Associates LP raised its position in GEE Group by 1.6% during the second 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. 30.38% of the stock is 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.