GEE Group (NYSE:JOB) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

JOB opened at $0.30 on Monday. The company has a market cap of $32.74 million, a P/E ratio of 6.02 and a beta of 0.54. The business’s 50-day moving average price is $0.33 and its 200-day moving average price is $0.38. GEE Group has a 12 month low of $0.24 and a 12 month high of $0.63.

Insider Buying and Selling at GEE Group

In other news, Director John Randall Waterfield bought 99,121 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $0.36 per share, for a total transaction of $35,683.56. Following the completion of the acquisition, the director now owns 454,121 shares of the company’s stock, valued at $163,483.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders purchased 535,612 shares of company stock worth $196,161. 14.60% of the stock is currently owned by insiders.

Institutional Trading of GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC purchased a new stake in shares of GEE Group Inc. (NYSE:JOB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises approximately 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th largest holding. Cable Car Capital LLC owned 5.23% of GEE Group at the end of the most recent reporting period. 30.38% of the stock is currently 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.