GEE Group (NYSE:JOB) Shares Down 3.8% – Time to Sell?

GEE Group Inc. (NYSE:JOB) traded down 3.8% during mid-day trading on Wednesday . The stock traded as low as $0.24 and last traded at $0.2430. 305,142 shares were traded during mid-day trading, a decline of 44% from the average session volume of 543,530 shares. The stock had previously closed at $0.2527.

GEE Group Stock Performance

The stock has a market cap of $26.73 million, a PE ratio of -1.10 and a beta of 0.53. The firm has a fifty day moving average price of $0.20 and a 200 day moving average price of $0.20.

Institutional Investors Weigh In On GEE Group

An institutional investor recently raised its position in GEE Group stock. Citadel Advisors LLC lifted its stake in GEE Group Inc. (NYSE:JOB) by 62.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 183,789 shares of the company’s stock after purchasing an additional 70,842 shares during the quarter. Citadel Advisors LLC owned about 0.17% of GEE Group worth $38,000 as of its most recent SEC filing. 30.38% of the stock is currently owned by institutional investors.

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.