GEE Group Inc (NYSEMKT:JOB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Shares of GEE Group (NYSEMKT:JOB) opened at 4.95 on Wednesday. The firm’s market cap is $46.42 million. GEE Group has a 12-month low of $3.56 and a 12-month high of $7.70. The company has a 50-day moving average of $5.31 and a 200 day moving average of $4.68.

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A hedge fund recently bought a new stake in GEE Group stock. Granite Point Capital Management L.P. acquired a new stake in shares of GEE Group Inc (NYSEMKT:JOB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,771 shares of the company’s stock, valued at approximately $109,000. Granite Point Capital Management L.P. owned 0.27% of GEE Group at the end of the most recent reporting period.

About GEE Group

GEE Group Inc, formerly General Employment Enterprises, Inc, provides permanent and temporary professional, industrial and physician assistant staffing and placement services. The Company operates through two segments: Contract staffing services and Direct hire placement services. It specializes in the placement of information technology, engineering, medical and accounting professionals for direct hire and contract staffing, and temporary staffing services in light industrial staffing.

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