GEE Group (NYSE:JOB) Trading 0.8% Higher – What’s Next?

Shares of GEE Group Inc. (NYSE:JOB) rose 0.8% during mid-day trading on Monday . The company traded as high as $0.2404 and last traded at $0.2369. 151,277 shares changed hands during trading, a decline of 79% from the average session volume of 708,069 shares. The stock had previously closed at $0.2350.

GEE Group Price Performance

The company has a 50-day moving average of $0.23 and a two-hundred day moving average of $0.23. The company has a market capitalization of $25.84 million, a PE ratio of -1.07 and a beta of 0.66.

Institutional Investors Weigh In On GEE Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JOB. Raffles Associates LP purchased a new stake in shares of GEE Group in the second quarter worth $1,974,000. Cable Car Capital LP purchased a new stake in GEE Group in the 2nd quarter worth $1,451,000. Renaissance Technologies LLC increased its stake in GEE Group by 64.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,288,926 shares of the company’s stock worth $309,000 after buying an additional 506,185 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in GEE Group during the first quarter valued at about $208,000. Finally, NewEdge Advisors LLC bought a new stake in GEE Group during the first quarter valued at about $121,000. Institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

GEE Group Inc, formerly known as General Employment Enterprises, Inc, is a staffing and workforce solutions company based in Jacksonville, Florida. The company provides temporary, contract, and direct-hire placement services to businesses and job seekers across the United States.

GEE Group operates through professional staffing and industrial staffing activities. Its professional staffing services focus on areas such as information technology, engineering, accounting, finance, and other specialized occupations, while its industrial staffing operations serve businesses seeking personnel for clerical, light industrial, and related positions.

The company markets its services through a portfolio of specialized staffing brands, including Ashley Ellis and Omni-One, as well as other operating units.