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

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

GEE Group Price Performance

Shares of NYSE:JOB opened at $0.24 on Wednesday. GEE Group has a 12 month low of $0.23 and a 12 month high of $0.55. The firm has a market capitalization of $26.03 million, a P/E ratio of -1.20 and a beta of 0.48. The company’s fifty day moving average price is $0.26 and its 200 day moving average price is $0.29.

GEE Group (NYSE:JOB) last posted its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $29.46 million for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%.

Hedge Funds Weigh In On GEE Group

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after acquiring an additional 176,043 shares during the last quarter. Raffles Associates LP increased its holdings in shares of GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock valued at $2,913,000 after purchasing an additional 150,873 shares during the period. Finally, Alpha Cubed Investments LLC increased its holdings in shares of GEE Group by 9.7% in the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after purchasing an additional 43,053 shares during the period. 30.38% of the stock is owned by institutional investors and hedge funds.

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.