GEE Group (NYSE:JOB) Now Covered by StockNews.com

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

GEE Group Stock Performance

Shares of GEE Group stock opened at $0.21 on Tuesday. The stock has a market capitalization of $22.65 million, a P/E ratio of -1.03 and a beta of 0.54. The stock’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $0.27. GEE Group has a 52-week low of $0.20 and a 52-week high of $0.51.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Raffles Associates LP increased its stake in shares of GEE Group Inc. (NYSE:JOB) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,499,638 shares of the company’s stock after purchasing an additional 150,873 shares during the period. GEE Group accounts for 3.3% of Raffles Associates LP’s investment portfolio, making the stock its 11th largest position. Raffles Associates LP owned about 8.73% of GEE Group worth $2,913,000 as of its most recent filing with the SEC. 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.