TrueBlue, Inc. (NYSE:TBI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.
TrueBlue Trading Up 6.5%
The firm has a market capitalization of $206.15 million, a price-to-earnings ratio of -1.50 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.80 and a quick ratio of 1.80. The firm's 50-day simple moving average is $6.22 and its 200 day simple moving average is $6.18.
TrueBlue (NYSE:TBI - Get Free Report) last released its earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities analysts expect that TrueBlue, Inc. will post 0.15 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of TBI. GAMMA Investing LLC boosted its holdings in TrueBlue by 217.2% in the 1st quarter. GAMMA Investing LLC now owns 8,135 shares of the business services provider's stock valued at $43,000 after purchasing an additional 5,570 shares during the period. XTX Topco Ltd purchased a new position in shares of TrueBlue in the first quarter valued at about $86,000. Kapitalo Investimentos Ltda purchased a new position in shares of TrueBlue in the second quarter valued at about $88,000. AE Wealth Management LLC boosted its stake in shares of TrueBlue by 55.2% during the 1st quarter. AE Wealth Management LLC now owns 19,616 shares of the business services provider's stock valued at $104,000 after purchasing an additional 6,973 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of TrueBlue during the 4th quarter valued at about $116,000. 97.15% of the stock is owned by institutional investors.
TrueBlue Company Profile
(
Get Free Report)
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.
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