GEE Group (NYSE:JOB) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a report released on Saturday. The firm set a “buy” rating on the stock.

GEE Group Price Performance

Shares of GEE Group stock opened at $0.32 on Friday. The business has a 50 day simple moving average of $0.36 and a two-hundred day simple moving average of $0.46. GEE Group has a 12 month low of $0.30 and a 12 month high of $0.63. The stock has a market capitalization of $34.83 million, a P/E ratio of 4.57, a PEG ratio of 1.10 and a beta of 0.53.

GEE Group (NYSE:JOB) last announced its earnings results on Tuesday, February 13th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). GEE Group had a net margin of 5.08% and a return on equity of 8.53%. The firm had revenue of $30.63 million for the quarter, compared to analyst estimates of $36.17 million. As a group, research analysts anticipate that GEE Group will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GEE Group

A hedge fund recently bought a new stake in GEE Group stock. Cable Car Capital LLC purchased a new stake in GEE Group Inc. (NYSE:JOB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,683,792 shares of the company’s stock, valued at approximately $2,843,000. GEE Group comprises about 3.2% of Cable Car Capital LLC’s investment portfolio, making the stock its 12th biggest position. Cable Car Capital LLC owned about 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.