StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB – Get Free Report) in a research report issued on Saturday. The brokerage set a “buy” rating on the stock.
GEE Group Price Performance
JOB stock opened at $0.25 on Friday. GEE Group has a one year low of $0.23 and a one year high of $0.55. The stock has a market cap of $26.87 million, a price-to-earnings ratio of -1.23 and a beta of 0.54. The company has a fifty day moving average price of $0.26 and a two-hundred day moving average price of $0.28.
Hedge Funds Weigh In On GEE Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JOB. Alpha Cubed Investments LLC increased its holdings in GEE Group by 9.7% in the 2nd quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock valued at $150,000 after buying an additional 43,053 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of GEE Group by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after acquiring an additional 176,043 shares during the period. Finally, Raffles Associates LP boosted its position in shares of GEE Group by 1.6% during the 2nd quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares in the last quarter. 30.38% of the stock is owned by institutional investors and hedge funds.
GEE Group Company Profile
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.
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