GEE Group Inc. (NYSE:JOB – Get Free Report)’s share price traded up 2,948.2% during mid-day trading on Tuesday. The stock traded as high as $5.98 and last traded at $5.9410. Approximately 1,538 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 619,858 shares. The stock had previously closed at $0.1949.
GEE Group Trading Up 16.1%
The company has a market cap of $24.22 million, a P/E ratio of -30.09 and a beta of 0.67. The business’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $6.85.
Hedge Funds Weigh In On GEE Group
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of GEE Group during the second quarter valued at approximately $53,000. NewEdge Advisors LLC bought a new position in GEE Group in the first quarter worth approximately $121,000. Renaissance Technologies LLC grew its stake in GEE Group by 64.7% in the first 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. Arete Wealth Advisors LLC purchased a new position in GEE Group during the 1st quarter worth $208,000. Finally, Cable Car Capital LP purchased a new position in GEE Group during the 2nd quarter worth $1,451,000. 30.38% of the stock is currently owned by institutional investors.
GEE Group Company Profile
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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