GEE Group (NYSE:JOB) Trading 1.1% Higher – Here’s Why

GEE Group Inc. (NYSE:JOB)’s stock price was up 1.1% during trading on Thursday . The company traded as high as $0.2331 and last traded at $0.2320. Approximately 162,803 shares were traded during trading, a decline of 86% from the average daily volume of 1,126,376 shares. The stock had previously closed at $0.2295.

GEE Group Stock Up 0.7%

The company’s 50 day simple moving average is $0.24 and its two-hundred day simple moving average is $0.22. The company has a market capitalization of $25.68 million, a price-to-earnings ratio of -1.06 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its holdings in shares of GEE Group by 62.7% during the third quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock valued at $38,000 after acquiring an additional 70,842 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of GEE Group by 98.5% during the third quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock valued at $31,000 after acquiring an additional 73,993 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of GEE Group by 64.7% during the first quarter. Renaissance Technologies LLC now owns 1,288,926 shares of the company’s stock valued at $309,000 after acquiring an additional 506,185 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of GEE Group during the first quarter valued at about $208,000. Finally, NewEdge Advisors LLC acquired a new position in shares of GEE Group during the first quarter valued at about $121,000. 30.38% of the stock is owned by institutional investors and hedge funds.

About GEE Group

GEE Group Inc (NYSE: JOB) is a workforce management firm that provides staffing, consulting and managed services across a range of industries. The company places professionals on a temporary, contract-to-hire and direct-hire basis, serving sectors such as industrial and manufacturing, logistics and transportation, energy and utilities, government, and professional services. GEE Group’s staffing capabilities extend from entry-level positions to specialized technical and engineering roles.

In addition to traditional staffing solutions, GEE Group offers managed workforce programs designed to streamline talent acquisition and workforce administration for large-scale projects.