GEE Group (NYSE:JOB) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a report published on Saturday morning. The firm issued a buy rating on the stock.

GEE Group Trading Down 4.0 %

JOB opened at $0.19 on Friday. The stock has a market capitalization of $21.01 million, a P/E ratio of -0.87 and a beta of 0.52. GEE Group has a 12 month low of $0.18 and a 12 month high of $0.51. The firm’s fifty day simple moving average is $0.23 and its 200 day simple moving average is $0.24.

Insider Activity at GEE Group

In other GEE Group news, Director John Randall Waterfield purchased 131,779 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was bought at an average cost of $0.24 per share, with a total value of $31,626.96. Following the purchase, the director now directly owns 936,779 shares of the company’s stock, valued at $224,826.96. The trade was a 16.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 16.72% of the stock is owned by insiders.

Institutional Trading of GEE Group

A hedge fund recently raised its stake in GEE Group stock. NewEdge Advisors LLC grew its stake in shares of GEE Group Inc. (NYSE:JOB) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 623,748 shares of the company’s stock after purchasing an additional 88,900 shares during the quarter. NewEdge Advisors LLC owned about 0.57% of GEE Group worth $129,000 at the end of the most recent quarter. 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.