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

StockNews.com began coverage on shares of GEE Group (NYSE:JOBFree Report) in a research note published on Monday. The brokerage issued a buy rating on the stock.

GEE Group Stock Performance

Shares of JOB opened at $0.23 on Monday. The firm has a market cap of $25.45 million, a P/E ratio of -1.06 and a beta of 0.60. The business has a 50-day moving average of $0.23 and a 200 day moving average of $0.25. GEE Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.51.

Insider Activity at GEE Group

In related news, Director John Randall Waterfield bought 131,779 shares of GEE Group stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of $0.24 per share, with a total value of $31,626.96. Following the acquisition, the director now directly owns 936,779 shares of the company’s stock, valued at $224,826.96. This represents a 16.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC boosted its position in shares of GEE Group Inc. (NYSE:JOBFree Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 623,748 shares of the company’s stock after acquiring an additional 88,900 shares during the period. NewEdge Advisors LLC owned 0.57% of GEE Group worth $129,000 as of its most recent SEC filing. 30.38% of the stock is owned by institutional investors and hedge funds.

GEE Group Company Profile

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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.

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