GEE Group Inc. (NYSE:JOB – Get Free Report)’s stock price fell 0.5% during trading on Tuesday. The company traded as low as $0.2050 and last traded at $0.21. Approximately 121,468 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 664,646 shares. The stock had previously closed at $0.2110.
GEE Group Price Performance
The firm has a market cap of $22.81 million, a price-to-earnings ratio of -0.94 and a beta of 0.64. The firm’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.23.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Raffles Associates LP purchased a new stake in GEE Group in the 2nd quarter valued at approximately $1,974,000. Cable Car Capital LP acquired a new position in GEE Group during the 2nd quarter worth approximately $1,451,000. Renaissance Technologies LLC increased its position in GEE Group by 64.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,288,926 shares of the company’s stock worth $309,000 after purchasing an additional 506,185 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of GEE Group during the 1st quarter worth approximately $208,000. Finally, NewEdge Advisors LLC purchased a new position in shares of GEE Group during the 1st quarter worth approximately $121,000. 30.38% of the stock is currently owned by institutional investors and hedge funds.
GEE Group Company Profile
GEE Group Inc, formerly known as General Employment Enterprises, Inc, is a staffing and workforce-solutions company that provides recruiting and placement services to businesses and job seekers. The company focuses primarily on professional staffing, including the placement of information technology, engineering, accounting, finance, administrative and other skilled personnel.
GEE Group offers contract staffing, temporary and direct-hire placement, executive search and related consulting services.
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