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

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

GEE Group Trading Up 1.7 %

Shares of GEE Group stock opened at $0.22 on Thursday. The stock has a fifty day simple moving average of $0.24 and a 200 day simple moving average of $0.24. GEE Group has a 12-month low of $0.20 and a 12-month high of $0.51. The company has a market capitalization of $24.20 million, a P/E ratio of -1.01 and a beta of 0.52.

Insider Buying and Selling

In related news, Director John Randall Waterfield purchased 131,779 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the completion of the acquisition, the director now owns 936,779 shares of the company’s stock, valued at $224,826.96. This represents a 16.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. NewEdge Advisors LLC raised its holdings in GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.