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

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

GEE Group Price Performance

GEE Group stock opened at $0.24 on Thursday. The stock has a market cap of $26.80 million, a price-to-earnings ratio of -1.22 and a beta of 0.60. The firm has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.26. GEE Group has a 1-year low of $0.20 and a 1-year high of $0.51.

Insider Buying and Selling at GEE Group

In other news, Director John Randall Waterfield purchased 131,779 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average cost of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the transaction, the director now directly owns 936,779 shares in the company, valued at approximately $224,826.96. This represents a 16.37 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 16.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC grew its holdings in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,672 shares of the company’s stock after purchasing 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 SEC filing. 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.