GEE Group (NYSE:JOB) Stock to Reverse Split on Tuesday, November 10th

GEE Group Inc. (NYSE:JOB) shares are going to reverse split on Tuesday, November 10th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 9th.

GEE Group Trading Down 1.2%

GEE Group stock traded down $0.00 during trading on Thursday, hitting $0.21. 663,859 shares of the company were exchanged, compared to its average volume of 637,602. The business’s 50 day moving average is $0.23 and its 200 day moving average is $0.23. GEE Group has a 52 week low of $0.17 and a 52 week high of $0.28. The company has a market capitalization of $22.55 million, a P/E ratio of -0.93 and a beta of 0.64.

Hedge Funds Weigh In On GEE Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of GEE Group during the second quarter valued at approximately $53,000. NewEdge Advisors LLC bought a new stake in GEE Group during the first quarter worth $121,000. Arete Wealth Advisors LLC purchased a new position in GEE Group in the first quarter worth $208,000. Renaissance Technologies LLC boosted its position in GEE Group by 64.7% in the first quarter. Renaissance Technologies LLC now owns 1,288,926 shares of the company’s stock worth $309,000 after purchasing an additional 506,185 shares during the last quarter. Finally, Cable Car Capital LP bought a new position in GEE Group in the 2nd quarter valued at $1,451,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

GEE Group Inc is a staffing and workforce solutions company that provides professional, commercial and industrial employment services in the United States. The company helps employers recruit and retain personnel while connecting job seekers with temporary, contract and direct-hire opportunities.

Its services include temporary and contract staffing, contract-to-hire placements, direct placement and executive recruitment. GEE Group serves a range of industries and occupational categories, including information technology, accounting and finance, engineering, healthcare, office and administrative support, light industrial work and other professional fields.

The company traces its history to 1893 and previously operated under the name General Employment Enterprises, Inc It adopted the GEE Group name in 2016.