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

StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a report published on Wednesday morning. The firm issued a buy rating on the stock.

GEE Group Stock Performance

JOB stock opened at $0.24 on Wednesday. GEE Group has a 52 week low of $0.20 and a 52 week high of $0.51. The firm’s fifty day moving average is $0.24 and its 200 day moving average is $0.27. The firm has a market cap of $25.99 million, a P/E ratio of -1.19 and a beta of 0.60.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Renaissance Technologies LLC boosted its holdings in shares of GEE Group Inc. (NYSE:JOB) by 17.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 owned by institutional investors.

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.