TrueBlue (NYSE:TBI) Shares Pass Above 200-Day Moving Average - Time to Sell?

TrueBlue, Inc. (NYSE:TBI - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.18 and traded as high as $7.14. TrueBlue shares last traded at $6.90, with a volume of 243,653 shares changing hands.

TrueBlue Stock Down 0.7%

The firm has a market capitalization of $210.45 million, a price-to-earnings ratio of -1.54 and a beta of 1.53. The firm's 50-day moving average price is $6.27 and its 200 day moving average price is $6.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.80 and a quick ratio of 1.80.

TrueBlue (NYSE:TBI - Get Free Report) last posted its earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). TrueBlue had a negative net margin of 9.02% and a negative return on equity of 8.25%. The firm had revenue of $370.25 million during the quarter, compared to analyst estimates of $362.37 million. Sell-side analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current year.

Institutional Trading of TrueBlue

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBI. Kapitalo Investimentos Ltda bought a new stake in shares of TrueBlue in the second quarter valued at about $88,000. Strs Ohio bought a new position in shares of TrueBlue in the first quarter valued at approximately $264,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TrueBlue during the first quarter worth approximately $156,000. Cubist Systematic Strategies LLC boosted its holdings in shares of TrueBlue by 66.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 84,352 shares of the business services provider's stock valued at $448,000 after buying an additional 33,638 shares in the last quarter. Finally, Trexquant Investment LP increased its position in shares of TrueBlue by 57.6% during the 1st quarter. Trexquant Investment LP now owns 90,140 shares of the business services provider's stock valued at $479,000 after purchasing an additional 32,943 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

TrueBlue Company Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.