GEE Group (NYSE:JOB) Shares Down 2.4% – What’s Next?

GEE Group Inc. (NYSE:JOB)’s share price traded down 2.4% during mid-day trading on Friday . The stock traded as low as $0.20 and last traded at $0.20. 111,566 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,082,842 shares. The stock had previously closed at $0.20.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on GEE Group in a research note on Friday, May 16th. They issued a “buy” rating for the company.

GEE Group Stock Down 2.4%

The company has a market cap of $21.34 million, a P/E ratio of -0.89 and a beta of 1.06. The business has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.22.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. NewEdge Advisors LLC lifted its holdings in GEE Group Inc. (NYSE:JOB) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 623,748 shares of the company’s stock after buying an additional 88,900 shares during the period. NewEdge Advisors LLC owned approximately 0.57% of GEE Group worth $129,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.