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

GEE Group Inc. (NYSE:JOB)’s stock price was down 2% during mid-day trading on Thursday . The company traded as low as $0.2350 and last traded at $0.2356. Approximately 187,489 shares traded 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 Price Performance

The company has a market cap of $26.43 million, a price-to-earnings ratio of -1.09 and a beta of 0.56. The stock has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEE Group stock. Citadel Advisors LLC lifted its holdings in GEE Group Inc. (NYSE:JOB) by 62.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,789 shares of the company’s stock after purchasing an additional 70,842 shares during the quarter. Citadel Advisors LLC owned 0.17% of GEE Group worth $38,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.