GEE Group (NYSE:JOB) Earns Buy Rating from Analysts at StockNews.com

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

GEE Group Stock Down 2.0 %

GEE Group stock opened at $0.25 on Friday. The firm has a fifty day simple moving average of $0.24 and a two-hundred day simple moving average of $0.26. GEE Group has a twelve month low of $0.20 and a twelve month high of $0.51. The company has a market capitalization of $26.81 million, a PE ratio of -1.11 and a beta of 0.60.

Insider Buying and Selling at GEE Group

In other GEE Group news, Director John Randall Waterfield bought 131,779 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average cost of $0.24 per share, with a total value of $31,626.96. Following the completion of the purchase, the director now directly owns 936,779 shares of the company’s stock, valued at $224,826.96. This trade represents a 16.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.72% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEE Group stock. Renaissance Technologies LLC boosted its stake in GEE Group Inc. (NYSE:JOB) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,163,672 shares of the company’s stock after buying an additional 176,043 shares during the period. Renaissance Technologies LLC owned 1.07% of GEE Group worth $357,000 at the end of the most recent reporting period. 30.38% of the stock is owned by hedge funds and other 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.