GEE Group (NYSEAMERICAN:JOB) Stock Price Up 19%

GEE Group Inc (NYSEAMERICAN:JOB)’s stock price rose 19% on Thursday . The company traded as high as $1.20 and last traded at $1.19. Approximately 2,395,712 shares changed hands during mid-day trading, an increase of 178% from the average daily volume of 861,596 shares. The stock had previously closed at $1.00.

Separately, Alliance Global Partners cut their price objective on GEE Group from $2.50 to $1.75 and set a “buy” rating on the stock in a report on Monday, August 17th.

GEE Group (NYSEAMERICAN:JOB) last issued its earnings results on Monday, August 17th. The company reported $1.30 EPS for the quarter. The firm had revenue of $26.59 million during the quarter.

A hedge fund recently raised its stake in GEE Group stock. Thrivent Financial for Lutherans grew its stake in GEE Group Inc (NYSEAMERICAN:JOB) by 35.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,145 shares of the company’s stock after buying an additional 128,627 shares during the period. Thrivent Financial for Lutherans owned approximately 3.53% of GEE Group worth $169,000 as of its most recent SEC filing.

About GEE Group (NYSEAMERICAN:JOB)

GEE Group, Inc provides permanent and temporary professional, industrial, and physician assistant staffing and placement services in the United States. The company offers professional placement services comprising placement of information technology, engineering, medical, and accounting professionals on regular placement basis or a temporary contract basis; and weekly temporary staffing services for light industrial clients.

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