GEE Group Now Under Coverage by StockNews.com Analysts

GEE Group (NYSE:JOB) has recently had coverage initiated by StockNews.com, with the firm receiving a positive 'buy' rating from the financial analysts. StockNews.com is now closely monitoring GEE Group's stock performance and provides valuable insights to investors.

GEE Group Stock Performance

The stock of GEE Group, which trades under the ticker symbol JOB, was priced at $0.40 at market opening on Thursday. With a market capitalization standing at $43.29 million, the company shows a Price-to-Earnings (PE) ratio of 4.41, suggestive of its profitability in relation to its share price. Other metrics such as a PEG ratio of 0.94 and a beta value of 0.55 provide additional context for the stock's performance. GEE Group's shares have been fluctuating over the past year, hitting a low of $0.35 and a peak of $0.63, while the 50-day and 200-day simple moving averages settled at $0.48 and $0.53, respectively.

The most recent earnings report from GEE Group, released on February 13th, revealed a slight earnings miss with a reported ($0.01) earnings per share for the quarter, as opposed to the expected $0.01 consensus estimate. Despite this, the company still boasts a healthy net margin of 6.18% and a notable return on equity of 10.48%. Revenue for the quarter came in at $30.63 million, which did not meet the anticipated $36.17 million. Analysts, however, predict an upturn, forecasting $0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

There has been significant activity from institutional investors in the GEE Group. Raffles Associates LP has increased their ownership with an additional 50,000 shares, bringing their total to 9,182,465 shares. Renaissance Technologies LLC expanded their holdings by a notable 39.8%, and Ancora Advisors LLC grew their stake by 15.6%. New positions and increases in shares by firms like Maltin Wealth Management Inc. and Jane Street Group LLC, respectively, exemplify the ongoing institutional interest in the GEE Group stock, which is now 34.05% institutionally owned.

About GEE Group

GEE Group Inc. specializes in providing both temporary and permanent staffing services, spread across the industrial and professional sectors in the United States. The company operates through two primary segments: Industrial Staffing Services and Professional Staffing Services. Its offerings encompass a wide range of placements in fields such as IT, accounting, finance, engineering, and more.

GEE, Analysts, StockNews