GEE Group (NYSE:JOB) Trading Down 0.1% – Time to Sell?

GEE Group Inc. (NYSE:JOB)’s stock price fell 0.1% during trading on Friday . The stock traded as low as $0.2285 and last traded at $0.2290. 79,822 shares traded hands during trading, a decline of 92% from the average session volume of 997,663 shares. The stock had previously closed at $0.2292.

GEE Group Price Performance

The stock has a market capitalization of $25.16 million, a P/E ratio of -1.04 and a beta of 0.62. The firm’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.23.

Hedge Funds Weigh In On GEE Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of GEE Group by 64.7% during the first 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. Arete Wealth Advisors LLC bought a new position in shares of GEE Group during the first quarter valued at about $208,000. NewEdge Advisors LLC bought a new position in shares of GEE Group during the first quarter valued at about $121,000. Citadel Advisors LLC increased its position in shares of GEE Group by 62.7% during the third quarter. Citadel Advisors LLC now owns 183,789 shares of the company’s stock valued at $38,000 after buying an additional 70,842 shares during the period. Finally, Focus Partners Wealth increased its position in shares of GEE Group by 98.5% during the third quarter. Focus Partners Wealth now owns 149,077 shares of the company’s stock valued at $31,000 after buying an additional 73,993 shares during the period. 30.38% of the stock is owned by 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.