GEE Group Inc. (NYSE:JOB – Free Report)’s stock is going to reverse split on the morning of 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 Stock Down 1.2%
NYSE JOB traded down $0.00 during trading hours on Thursday, reaching $0.21. 663,859 shares of the company were exchanged, compared to its average volume of 637,602. The stock has a market capitalization of $22.55 million, a P/E ratio of -0.93 and a beta of 0.64. GEE Group has a 1 year low of $0.17 and a 1 year high of $0.28. The business’s 50 day simple moving average is $0.23 and its 200-day simple moving average is $0.23.
Institutional Investors Weigh In On GEE Group
A number of hedge funds have recently modified their holdings of the stock. Raffles Associates LP purchased a new position in GEE Group in the second quarter valued at approximately $1,974,000. Cable Car Capital LP bought a new position in GEE Group during the second quarter valued at $1,451,000. BlackRock Inc. bought a new position in GEE Group during the second quarter valued at $53,000. NewEdge Advisors LLC purchased a new stake in GEE Group in the first quarter worth $121,000. Finally, Arete Wealth Advisors LLC purchased a new stake in GEE Group in the first quarter worth $208,000. Institutional investors own 30.38% of the company’s stock.
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.
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.
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