GEE Group (NYSE:JOB) Trading Up 1.2% – Still a Buy?

GEE Group Inc. (NYSE:JOB) traded up 1.2% during mid-day trading on Friday . The stock traded as high as $0.2478 and last traded at $0.2460. 715,489 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,895,728 shares. The stock had previously closed at $0.2430.

GEE Group Price Performance

The firm has a 50-day simple moving average of $0.23 and a 200 day simple moving average of $0.21. The company has a market capitalization of $27.03 million, a PE ratio of -1.12 and a beta of 0.49.

Hedge Funds Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Citadel Advisors LLC raised its position in GEE Group Inc. (NYSE:JOB) by 62.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,789 shares of the company’s stock after acquiring an additional 70,842 shares during the quarter. Citadel Advisors LLC owned 0.17% of GEE Group worth $38,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

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.