GEE Group (NYSE:JOB) Now Covered by Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB – Free Report) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the stock.

GEE Group Stock Performance

Shares of JOB stock opened at $0.28 on Wednesday. The stock’s fifty day moving average is $0.28 and its 200-day moving average is $0.32. The stock has a market capitalization of $30.46 million, a PE ratio of 5.60 and a beta of 0.49. GEE Group has a 52 week low of $0.23 and a 52 week high of $0.61.

GEE Group (NYSE:JOB – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter. The business 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

Several hedge funds have recently added to or reduced their stakes in JOB. Cable Car Capital LLC bought a new position in GEE Group in the fourth quarter valued at about $2,843,000. Alpha Cubed Investments LLC lifted its stake in 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 buying an additional 43,053 shares during the period. Renaissance Technologies LLC lifted its stake in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after buying an additional 176,043 shares during the period. Finally, Raffles Associates LP lifted its stake in 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 buying an additional 150,873 shares during the period. Institutional investors own 30.38% of the company’s stock.

About GEE Group

(Get Free Report)

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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