GEE Group Inc. (NYSE:JOB – Get Free Report) shares saw unusually-high trading volume on Wednesday. Approximately 32,439 shares traded hands during trading, an increase of 55% from the average daily volume of 20,897 shares. The stock last traded at $6.32 and had previously closed at $5.70.
GEE Group Price Performance
The company has a market cap of $24.15 million, a price-to-earnings ratio of -30.00 and a beta of 0.67. The business’s 50-day simple moving average is $6.52 and its 200-day simple moving average is $6.85.
Hedge Funds Weigh In On GEE Group
A number of institutional investors have recently made changes to their positions in JOB. Raffles Associates LP purchased a new stake in shares of GEE Group in the second quarter valued at $1,974,000. Cable Car Capital LP acquired a new stake in shares of GEE Group during the second quarter valued at $1,451,000. Arete Wealth Advisors LLC purchased a new stake in GEE Group during the 1st quarter worth about $208,000. NewEdge Advisors LLC purchased a new stake in GEE Group during the 1st quarter worth about $121,000. Finally, 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 in the last quarter. 30.38% of the stock is owned by institutional investors and hedge funds.
About GEE Group
GEE Group Inc. is a staffing and workforce solutions company that provides professional, commercial and industrial employment services in the United States. The company helps employers recruit and retain personnel while connecting job seekers with temporary, contract and direct-hire opportunities. Its services include temporary and contract staffing, contract-to-hire placements, direct placement and executive recruitment. GEE Group serves a range of industries and occupational categories, including information technology, accounting and finance, engineering, healthcare, office and administrative support, light industrial work and other professional fields.
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