GEE Group Garners 'Buy' Rating From StockNews.com Analysts

An investment research firm, StockNews.com, has commenced coverage on GEE Group (NYSE:JOB), bestowing a 'buy' rating upon the company's stock. The announcement was made public on Monday, signaling new investor interest in the firm. GEE Group, a provider of staffing solutions, saw its stocks initiate at $0.39 at the market opening on the same day.

Financial Highlights of GEE Group

The GEE Group has been performing in the stock market with a 50-day moving average share price of $0.42 and a 200-day moving average of $0.51. With its shares fluctuating between a yearly low of $0.34 and a high of $0.63, the company presently boasts a market capitalization of approximately $42.37 million. Its price-to-earnings (P/E) ratio stands at 5.56, supplemented by a PEG ratio of 1.27, and a relatively stable beta of 0.53.

During its last quarterly earnings report on February 13th, GEE Group disclosed an earnings per share (EPS) deficit of $0.01, trailing behind the anticipated $0.01 consensus estimate by $0.02. The quarter's revenue was reported at $30.63 million, falling short of the projected $36.17 million. Despite this, the company maintains a net margin of 5.08% and a return on equity of 8.53%. With these figures in consideration, analysts project a 0.02 EPS for GEE Group in the current fiscal year.

Interest from Institutional Investors

In recent times, numerous hedge funds have adjusted their stakes in GEE Group. In particular, Commonwealth Equity Services LLC initiated a new position in the firm during the first quarter valued at roughly $27,000. Virtu Financial LLC expanded its investment by 127.8%, now owning 71,225 shares valued at $39,000 after acquiring an additional 39,956 shares. Similarly, Jane Street Group LLC and Ancora Advisors LLC have also invested in the company, with Ancora Advisors LLC increasing its holding by 15.6% to 815,617 shares, valued at about $338,000. Collectively, institutional investors own around 34.05% of GEE Group.

Overview of GEE Group

GEE Group Inc. specializes in the provision of professional and industrial staffing and placement services across the United States. The company operates through two main segments: Industrial Staffing Services and Professional Staffing Services. It offers a range of services, including direct hire and contract staffing for IT, finance, engineering professionals, and temporary industrial staffing.

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