GEE Group Inc (JOB) Stock Rating Lowered by Zacks Investment Research
GEE Group Inc (AMEX:JOB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday.
According to Zacks, “GEE Group Inc. is a provider of professional staffing services and solutions. GEE Group Inc., formerly known as General Employment Enterprises, Inc., is based in Naperville, Illinois. “
Separately, Maxim Group set a $10.00 price objective on shares of GEE Group and gave the company a “buy” rating in a research report on Tuesday, August 15th.
GEE Group (AMEX:JOB) opened at 4.75 on Friday. GEE Group has a 1-year low of $3.83 and a 1-year high of $7.00. The firm’s market capitalization is $46.92 million. The stock has a 50 day moving average of $5.17 and a 200-day moving average of $5.31.
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In other GEE Group news, CAO Alexander Preston Alex Stuckey sold 310,000 shares of GEE Group stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $4.00, for a total value of $1,240,000.00. Following the sale, the chief accounting officer now directly owns 2,056,300 shares in the company, valued at approximately $8,225,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of large investors have recently modified their holdings of JOB. Skylands Capital LLC raised its stake in shares of GEE Group by 29.4% in the second quarter. Skylands Capital LLC now owns 239,300 shares of the business services provider’s stock valued at $1,235,000 after buying an additional 54,337 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of GEE Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 77,099 shares of the business services provider’s stock valued at $399,000 after buying an additional 2,049 shares during the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of GEE Group by 3.0% in the first quarter. Cadence Capital Management LLC now owns 52,700 shares of the business services provider’s stock valued at $258,000 after buying an additional 1,512 shares during the last quarter.
About GEE Group
GEE Group Inc, formerly General Employment Enterprises, Inc, is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis.
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