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

Equities researchers at StockNews.com initiated coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Friday. The brokerage set a “buy” rating on the stock.

GEE Group Price Performance

GEE Group stock opened at $0.33 on Friday. The stock has a market capitalization of $35.89 million, a PE ratio of 4.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.53. GEE Group has a 12 month low of $0.32 and a 12 month high of $0.63. The business has a 50 day simple moving average of $0.36 and a 200-day simple moving average of $0.47.

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

Institutional Trading of GEE Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cable Car Capital LLC purchased a new stake in shares of GEE Group during the fourth quarter worth approximately $2,843,000. Renaissance Technologies LLC increased its position in shares of GEE Group by 345.1% during the third quarter. Renaissance Technologies LLC now owns 1,112,600 shares of the company’s stock worth $702,000 after purchasing an additional 862,630 shares in the last quarter. Raffles Associates LP increased its position in shares of GEE Group by 2.5% during the first quarter. Raffles Associates LP now owns 9,132,465 shares of the company’s stock worth $3,790,000 after purchasing an additional 218,608 shares in the last quarter. Jane Street Group LLC increased its position 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 worth $125,000 after purchasing an additional 137,061 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of GEE Group by 308.9% during the fourth quarter. Virtu Financial LLC now owns 172,626 shares of the company’s stock worth $85,000 after purchasing an additional 130,412 shares in the last quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

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.