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

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

GEE Group Stock Performance

NYSE JOB opened at $0.26 on Friday. The firm’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $0.30. The firm has a market capitalization of $28.39 million, a price-to-earnings ratio of 5.22 and a beta of 0.48. GEE Group has a 1 year low of $0.23 and a 1 year high of $0.59.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted 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 valued at $357,000 after acquiring an additional 176,043 shares in the last quarter. Raffles Associates LP boosted its stake in shares of GEE Group by 1.6% during 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 in the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in shares of GEE Group by 9.7% during 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 in the last quarter. 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.