GEE Group (NYSE:JOB) Coverage Initiated at StockNews.com

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

GEE Group Stock Down 0.3 %

Shares of JOB opened at $0.24 on Wednesday. The business’s fifty day moving average is $0.24 and its 200 day moving average is $0.27. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51. The stock has a market cap of $25.99 million, a P/E ratio of -1.19 and a beta of 0.60.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Raffles Associates LP grew its stake in shares of GEE Group Inc. (NYSE:JOB) by 1.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the period. GEE Group comprises approximately 3.3% of Raffles Associates LP’s portfolio, making the stock its 11th biggest position. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 as of its most recent SEC filing. 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.