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

Analysts at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOBGet Free Report) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of NYSE JOB opened at $0.45 on Wednesday. The company has a market cap of $48.55 million, a P/E ratio of 4.94, a P/E/G ratio of 1.02 and a beta of 0.55. The firm’s fifty day moving average is $0.50 and its two-hundred day moving average is $0.53. GEE Group has a 52-week low of $0.36 and a 52-week high of $0.63.

GEE Group (NYSE:JOBGet Free Report) last announced its quarterly earnings results on Tuesday, December 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $34.27 million during the quarter, compared to the consensus estimate of $40.36 million. GEE Group had a net margin of 6.18% and a return on equity of 10.48%. As a group, analysts forecast that GEE Group will post 0.03 EPS for the current fiscal year.

Institutional Trading of GEE Group

A number of large investors have recently made changes to their positions in the business. Raffles Associates LP increased its holdings in shares of GEE Group by 0.5% in the 2nd quarter. Raffles Associates LP now owns 9,182,465 shares of the company’s stock worth $4,704,000 after buying an additional 50,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in GEE Group by 39.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,554,900 shares of the company’s stock valued at $762,000 after purchasing an additional 442,300 shares during the last quarter. Ancora Advisors LLC grew its holdings in GEE Group by 15.6% during the 1st quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock valued at $338,000 after purchasing an additional 110,000 shares during the last quarter. Maltin Wealth Management Inc. bought a new position in GEE Group during the 2nd quarter valued at about $168,000. Finally, Jane Street Group LLC grew its holdings in GEE Group by 115.9% during the 4th 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 during the last quarter. 34.05% of the stock is currently owned by institutional investors.

About GEE Group

(Get Free Report)

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.

Further Reading

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