GEE Group (NYSE:JOB) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

GEE Group Inc. (NYSE:JOB)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $6.53 and traded as high as $6.80. GEE Group shares last traded at $6.62, with a volume of 80,716 shares changing hands.

GEE Group Trading Down 2.9%

The firm’s 50-day moving average price is $6.51 and its two-hundred day moving average price is $6.84. The stock has a market cap of $23.45 million, a PE ratio of -29.14 and a beta of 0.67.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Raffles Associates LP purchased a new stake in shares of GEE Group during the 2nd quarter worth $1,974,000. Cable Car Capital LP bought a new stake in GEE Group during the second quarter valued at about $1,451,000. BlackRock Inc. bought a new stake in GEE Group during the second quarter valued at about $53,000. NewEdge Advisors LLC purchased a new position in GEE Group in the first quarter valued at about $121,000. Finally, Arete Wealth Advisors LLC purchased a new position in GEE Group in the first quarter valued at about $208,000. 30.38% of the stock is owned by institutional investors.

About GEE Group

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.