StockNews.com Initiates Coverage on GEE Group (NYSE:JOB)

Equities research analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.37 on Tuesday. GEE Group has a 12 month low of $0.34 and a 12 month high of $0.63. The firm has a market capitalization of $39.72 million, a P/E ratio of 5.22, a P/E/G ratio of 1.21 and a beta of 0.53. The business has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.49.

GEE Group (NYSE:JOB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). GEE Group had a return on equity of 8.53% and a net margin of 5.08%. The business had revenue of $30.63 million during the quarter, compared to analysts’ expectations of $36.17 million. Analysts predict that GEE Group will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JOB. Raffles Associates LP increased its holdings in shares of GEE Group by 0.5% during the second quarter. Raffles Associates LP now owns 9,182,465 shares of the company’s stock valued at $4,704,000 after acquiring an additional 50,000 shares in the last quarter. Cable Car Capital LLC purchased a new stake in GEE Group during the 4th quarter valued at $2,843,000. Renaissance Technologies LLC increased its holdings in shares of GEE Group by 39.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,554,900 shares of the company’s stock worth $762,000 after purchasing an additional 442,300 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of GEE Group by 15.6% in the first quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock worth $338,000 after purchasing an additional 110,000 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of GEE Group by 115.9% during the fourth quarter. Jane Street Group LLC now owns 255,366 shares of the company’s stock valued at $125,000 after purchasing an additional 137,061 shares in the last quarter. Hedge funds and other institutional investors own 30.38% of the company’s stock.

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.