GEE Group (NYSE:JOB) Trading Down 2% – Here’s What Happened

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

GEE Group Stock Down 2.0%

The stock has a market capitalization of $25.89 million, a price-to-earnings ratio of -1.07 and a beta of 0.56. The company has a 50 day simple moving average of $0.21 and a 200-day simple moving average of $0.20.

Institutional Investors Weigh In On GEE Group

A hedge fund recently raised its stake in GEE Group stock. Citadel Advisors LLC increased its position in GEE Group Inc. (NYSE:JOB) by 62.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,789 shares of the company’s stock after buying an additional 70,842 shares during the period. Citadel Advisors LLC owned 0.17% of GEE Group worth $38,000 at the end of the most recent reporting period. Institutional investors own 30.38% of the company’s stock.

About GEE Group

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.