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

StockNews.com started coverage on shares of GEE Group (NYSE:JOB) in a research note issued to investors on Friday morning. The firm issued a buy rating on the stock.

GEE Group Stock Up 3.2 %

JOB stock opened at $0.34 on Friday. The company has a market cap of $36.84 million, a price-to-earnings ratio of 4.10, a PEG ratio of 1.09 and a beta of 0.53. The company has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.47. GEE Group has a 12-month low of $0.32 and a 12-month high of $0.63.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JOB. Virtu Financial LLC raised its holdings in shares of GEE Group by 127.8% during the 1st quarter. Virtu Financial LLC now owns 71,225 shares of the company’s stock valued at $39,000 after purchasing an additional 39,956 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of GEE Group by 630.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,970 shares of the company’s stock valued at $130,000 after purchasing an additional 215,770 shares in the last quarter. Jane Street Group LLC bought a new position in shares of GEE Group during the 3rd quarter valued at $75,000. Ancora Advisors LLC raised its holdings in shares of GEE Group by 7.2% during the 4th quarter. Ancora Advisors LLC now owns 705,617 shares of the company’s stock valued at $346,000 after purchasing an additional 47,236 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of GEE Group during the 1st quarter valued at $27,000. Institutional investors own 30.38% of the company’s stock.

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.