StockNews.com started coverage on shares of GEE Group (NYSE:JOB – Free Report) in a research note issued to investors on Friday morning. The firm issued a buy rating on the stock.
GEE Group Price Performance
Shares of GEE Group stock opened at $0.25 on Friday. GEE Group has a 1 year low of $0.23 and a 1 year high of $0.55. The firm has a market cap of $27.43 million, a price-to-earnings ratio of -1.25 and a beta of 0.48. The company has a 50-day moving average of $0.26 and a 200 day moving average of $0.29.
Institutional Trading of GEE Group
Several hedge funds and other institutional investors have recently made changes to their positions in JOB. Raffles Associates LP boosted its stake in 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 purchasing an additional 150,873 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of GEE Group by 17.8% in the second 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 in the last quarter. Finally, Alpha Cubed Investments LLC grew its holdings in shares of GEE Group by 9.7% during the second 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. Hedge funds and other institutional investors own 30.38% of the company’s stock.
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.
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