GEE Group Inc (JOB) Price Target Cut to $8.00 by Analysts at Maxim Group
GEE Group Inc (AMEX:JOB) had its price objective cut by Maxim Group from $10.00 to $8.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the business services provider’s stock.
“Management’s preannouncement suggests 4QF17 revenue will be $45.5 – 46.5 million, which is more than twice 4QF16, as a result of acquisitions.”,” Maxim Group’s analyst wrote.
Separately, Zacks Investment Research raised shares of GEE Group from a strong sell rating to a hold rating in a research note on Tuesday, July 18th.
GEE Group (AMEX JOB) opened at 2.92 on Tuesday. The firm’s market capitalization is $28.84 million. GEE Group has a one year low of $2.70 and a one year high of $7.00. The stock has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.97.
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A hedge fund recently raised its stake in GEE Group stock. Skylands Capital LLC boosted its position in GEE Group Inc (AMEX:JOB) by 29.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 239,300 shares of the business services provider’s stock after acquiring an additional 54,337 shares during the quarter. Skylands Capital LLC owned 2.42% of GEE Group worth $1,235,000 at the end of the most recent reporting period.
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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