GEE Group (NYSE:JOB) Stock Set 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 Price Performance

GEE Group stock traded down $0.00 during trading hours on Thursday, reaching $0.21. The stock had a trading volume of 663,859 shares, compared to its average volume of 637,602. The stock has a market cap of $22.55 million, a PE ratio of -0.93 and a beta of 0.64. GEE Group has a 52 week low of $0.17 and a 52 week high of $0.28. The company has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $0.23.

Institutional Trading of GEE Group

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in GEE Group during the 2nd quarter valued at about $53,000. NewEdge Advisors LLC purchased a new stake in GEE Group in the 1st quarter worth approximately $121,000. Arete Wealth Advisors LLC purchased a new stake in GEE Group in the 1st quarter worth approximately $208,000. Renaissance Technologies LLC lifted its holdings in GEE Group by 64.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,288,926 shares of the company’s stock worth $309,000 after buying an additional 506,185 shares during the period. Finally, Cable Car Capital LP bought a new stake in shares of GEE Group in the 2nd quarter worth approximately $1,451,000. 30.38% of the stock is owned by institutional investors.

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.