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

Research analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a note issued to investors on Monday. The firm set a “buy” rating on the stock.

GEE Group Stock Up 5.1 %

GEE Group stock opened at $0.23 on Monday. The firm’s 50-day simple moving average is $0.25 and its 200 day simple moving average is $0.28. The firm has a market capitalization of $24.81 million, a PE ratio of -1.14 and a beta of 0.54. GEE Group has a 52 week low of $0.21 and a 52 week high of $0.52.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC raised its position in shares of GEE Group Inc. (NYSE:JOB) by 17.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,163,672 shares of the company’s stock after purchasing an additional 176,043 shares during the quarter. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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.