StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB – Get Free Report) in a research report issued on Friday. The brokerage set a “buy” rating on the stock.
GEE Group Stock Performance
Shares of JOB stock opened at $0.25 on Friday. GEE Group has a 52-week low of $0.23 and a 52-week high of $0.55. The company has a market capitalization of $27.46 million, a PE ratio of -1.26 and a beta of 0.48. The business’s fifty day moving average is $0.26 and its 200 day moving average is $0.29.
Institutional Investors Weigh In On GEE Group
A number of large investors have recently added to or reduced their stakes in the company. Raffles Associates LP raised its position in 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. Renaissance Technologies LLC raised its position in GEE Group by 17.8% during the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after purchasing an additional 176,043 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its position in 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. Hedge funds and other institutional investors own 30.38% of the company’s stock.
GEE Group Company Profile
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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