StockNews.com began coverage on shares of GEE Group (NYSE:JOB – Free Report) in a research report report published on Saturday. The brokerage issued a buy rating on the stock.
GEE Group Stock Performance
Shares of NYSE:JOB opened at $0.24 on Friday. The stock has a market capitalization of $26.64 million, a price-to-earnings ratio of -1.22 and a beta of 0.54. GEE Group has a 1-year low of $0.22 and a 1-year high of $0.55. The company has a 50 day moving average price of $0.26 and a 200 day moving average price of $0.28.
Hedge Funds Weigh In On GEE Group
Several institutional investors and hedge funds have recently modified their holdings of JOB. Renaissance Technologies LLC increased its holdings in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock worth $357,000 after buying an additional 176,043 shares during the last quarter. Raffles Associates LP increased its stake 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 purchasing an additional 150,873 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in shares of GEE Group by 9.7% during the 2nd 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 hedge funds and other institutional investors.
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.
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