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

Research analysts at StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of NYSE:JOB opened at $0.21 on Tuesday. GEE Group has a one year low of $0.20 and a one year high of $0.51. The firm’s 50 day simple moving average is $0.24 and its 200-day simple moving average is $0.27. The firm has a market cap of $22.59 million, a PE ratio of -1.03 and a beta of 0.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC increased its position in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,163,672 shares of the company’s stock after acquiring an additional 176,043 shares during the period. Renaissance Technologies LLC owned about 1.07% of GEE Group worth $357,000 at the end of the most recent quarter. 30.38% of the stock is 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.