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

Investment analysts at StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

Shares of NYSE JOB opened at $0.21 on Tuesday. The stock’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.27. GEE Group has a 1-year low of $0.20 and a 1-year high of $0.51. The company has a market cap of $22.59 million, a price-to-earnings ratio of -1.03 and a beta of 0.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC increased its stake in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the period. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 as of its most recent filing with the Securities and Exchange Commission. 30.38% of the stock is currently 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.