StockNews.com Begins Coverage on GEE Group with 'Buy' Rating

StockNews.com, a firm focused on stock market research, has recently begun providing analytical coverage of the GEE Group (NYSE:JOB). On Friday, they released a research report that initiated with a 'buy' rating for the GEE Group shares.

GEE Group Stock Overview

The GEE Group's stock opened at $0.50 this past Friday. Tracking the company's performance over time, the 50-day moving average stands at $0.54, matching the 200-day moving average. With a market cap of about $54.44 million and a P/E ratio of 5.55, the GEE Group has shown a P/E/G ratio of 1.10 and a beta of 1.57. The stock's recorded low for the year was $0.36, with a high of $0.63.

Corporate Earnings and Investor Sentiment

The GEE Group disclosed its quarterly earnings on December 19th, with reported EPS falling short by $0.01 from analysts' expectations at $0.01, against a forecast of $0.02. During that quarter, the company saw a revenue of $34.27 million, which was lower than the projected $40.36 million. Despite this, the GEE Group had a decent return on equity of 10.48% and a net margin of 6.18%. Analysts forecast the GEE Group to post EPS of $0.03 for the current year.

Interest from Hedge Funds

Several hedge funds and institutional investors have recently adjusted their holdings in the GEE Group. For instance, Raffles Associates LP increased their shareholding by 0.5%, bringing their total to 9,182,465 shares valued at approximately $4,704,000. Notably, Renaissance Technologies LLC increased its investment by 39.8%, bringing its share count to 1,554,900, valued around $762,000. Ancora Advisors LLC upped their stake by 15.6%, and now hold 815,617 shares. Maltin Wealth Management initiated a new stake valued at $168,000, while Alpha Cubed Investments LLC significantly increased its shares by 83.8%, ending up with 299,821 shares.

About the GEE Group

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

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