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

Analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research report issued on Friday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Up 3.0 %

Shares of NYSE JOB opened at $0.22 on Friday. GEE Group has a fifty-two week low of $0.18 and a fifty-two week high of $0.51. The business has a 50 day moving average price of $0.23 and a two-hundred day moving average price of $0.24. The firm has a market cap of $24.15 million, a PE ratio of -1.00 and a beta of 0.52.

Insider Transactions at GEE Group

In other news, Director John Randall Waterfield bought 131,779 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of $0.24 per share, for a total transaction of $31,626.96. Following the transaction, the director now owns 936,779 shares in the company, valued at $224,826.96. The trade was a 16.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 16.72% of the company’s stock.

Institutional Trading of GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC boosted its stake in shares of GEE Group Inc. (NYSE:JOB) by 16.6% in the fourth quarter, according to its most recent 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 approximately 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. 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.