GEE Group (NYSE:JOB) Shares Down 2% – Here’s Why

GEE Group Inc. (NYSE:JOB) was down 2% on Thursday . The company traded as low as $0.2350 and last traded at $0.2356. Approximately 187,489 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 393,927 shares. The stock had previously closed at $0.2405.

GEE Group Stock Performance

The company has a fifty day simple moving average of $0.21 and a 200 day simple moving average of $0.20. The stock has a market capitalization of $25.89 million, a price-to-earnings ratio of -1.07 and a beta of 0.56.

Institutional Trading of GEE Group

A hedge fund recently raised its stake in GEE Group stock. Focus Partners Wealth lifted its holdings in GEE Group Inc. (NYSE:JOB) by 98.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,077 shares of the company’s stock after acquiring an additional 73,993 shares during the period. Focus Partners Wealth owned approximately 0.14% of GEE Group worth $31,000 as of its most recent filing with the Securities and Exchange Commission. 30.38% of the stock is owned by hedge funds and other institutional investors.

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.