GEE Group Inc. (NYSE:JOB – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $6.53 and traded as high as $6.80. GEE Group shares last traded at $6.62, with a volume of 80,716 shares traded.
GEE Group Stock Performance
The company has a market capitalization of $24.22 million, a price-to-earnings 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
Large investors have recently bought and sold shares of the business. Raffles Associates LP bought a new position in GEE Group in the second quarter valued at approximately $1,974,000. Cable Car Capital LP acquired a new stake in GEE Group during the 2nd quarter worth $1,451,000. BlackRock Inc. acquired a new stake in GEE Group during the 2nd quarter worth $53,000. NewEdge Advisors LLC acquired a new stake in GEE Group during the 1st quarter worth $121,000. Finally, Renaissance Technologies LLC raised its position in shares of GEE Group by 64.7% during the 1st 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 during the last quarter. 30.38% of the stock is currently 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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