GEE Group Inc (JOB) PT Lowered to $8.00 at Maxim Group

GEE Group Inc (AMEX:JOB) had its price target trimmed by Maxim Group from $10.00 to $8.00 in a report published on Tuesday, MarketBeat reports. The firm currently has 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 commented.

Separately, Zacks Investment Research lowered shares of GEE Group from a hold rating to a strong sell rating in a research note on Friday, August 18th.

Shares of GEE Group (AMEX JOB) opened at 3.06 on Tuesday. GEE Group has a 12-month low of $2.70 and a 12-month high of $7.00. The company’s market capitalization is $30.23 million. The company’s 50-day moving average is $3.38 and its 200-day moving average is $4.94.

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An institutional investor recently raised its position in GEE Group stock. Skylands Capital LLC lifted its position in GEE Group Inc (AMEX:JOB) by 29.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

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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