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

Investment analysts at StockNews.com assumed coverage on shares of GEE Group (NYSE:JOB) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

GEE Group Stock Performance

Shares of JOB stock opened at $0.37 on Tuesday. The stock’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.49. GEE Group has a 1 year low of $0.34 and a 1 year high of $0.63. The firm has a market cap of $39.72 million, a price-to-earnings ratio of 5.22, a PEG ratio of 1.21 and a beta of 0.53.

GEE Group (NYSE:JOB) last announced its earnings results on Tuesday, February 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $30.63 million during the quarter, compared to analyst estimates of $36.17 million. GEE Group had a net margin of 5.08% and a return on equity of 8.53%. As a group, research analysts predict that GEE Group will post 0.02 EPS for the current year.

Hedge Funds Weigh In On GEE Group

Institutional investors have recently modified their holdings of the business. Raffles Associates LP raised its position in GEE Group by 0.5% in the 2nd quarter. Raffles Associates LP now owns 9,182,465 shares of the company’s stock valued at $4,704,000 after purchasing an additional 50,000 shares during the last quarter. Cable Car Capital LLC acquired a new position in GEE Group in the fourth quarter valued at $2,843,000. Renaissance Technologies LLC raised its holdings in shares of GEE Group by 39.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,554,900 shares of the company’s stock valued at $762,000 after buying an additional 442,300 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of GEE Group by 15.6% during the first quarter. Ancora Advisors LLC now owns 815,617 shares of the company’s stock worth $338,000 after buying an additional 110,000 shares during the period. Finally, Jane Street Group LLC grew its holdings 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 buying an additional 137,061 shares during the last quarter. 30.38% of the stock is owned by institutional investors and hedge funds.

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.