GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

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

GEE Group Price Performance

JOB stock opened at $0.26 on Wednesday. The company’s 50-day moving average price is $0.28 and its two-hundred day moving average price is $0.32. GEE Group has a 12 month low of $0.23 and a 12 month high of $0.61. The firm has a market cap of $28.28 million, a P/E ratio of 5.20 and a beta of 0.49.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raffles Associates LP grew its holdings in shares of GEE Group by 1.6% during 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 during the last quarter. Cable Car Capital LLC bought a new position in shares of GEE Group in the 4th quarter valued at $2,843,000. Renaissance Technologies LLC lifted its stake in shares of 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. Finally, Alpha Cubed Investments LLC grew its position in 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 acquiring an additional 43,053 shares during the last quarter. Institutional investors and hedge funds 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.