GEE Group (NYSE:JOB) Shares Climb 2,948.2% – Still a Buy?

GEE Group Inc. (NYSE:JOB) shares rose 2,948.2% on Tuesday. The company traded as high as $5.98 and last traded at $5.9410. 1,538 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 619,858 shares. The stock had previously closed at $0.1949.

GEE Group Stock Performance

The firm has a fifty day simple moving average of $0.22 and a 200-day simple moving average of $0.23. The firm has a market cap of $672.19 million, a price-to-earnings ratio of -27.00 and a beta of 0.67.

Hedge Funds Weigh In On GEE Group

Large investors have recently modified their holdings of the stock. Raffles Associates LP acquired a new position in shares of GEE Group in the second quarter valued at approximately $1,974,000. Cable Car Capital LP bought a new position in shares of GEE Group during the second quarter worth approximately $1,451,000. BlackRock Inc. bought a new position in shares of GEE Group during the second quarter worth approximately $53,000. NewEdge Advisors LLC acquired a new stake in GEE Group during the 1st quarter worth approximately $121,000. Finally, Renaissance Technologies LLC lifted its holdings in GEE Group by 64.7% during the 1st 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. 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.