Shares of TrueBlue, Inc. (NYSE:TBI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.42 and traded as high as $6.96. TrueBlue shares last traded at $6.78, with a volume of 159,779 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of TrueBlue from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd.
Check Out Our Latest Report on TBI
TrueBlue Stock Down 3.3%
The company has a market cap of $204.51 million, a P/E ratio of -1.49 and a beta of 1.52. The stock's 50-day moving average price is $5.36 and its 200-day moving average price is $6.40. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.19.
TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). The business had revenue of $370.25 million for the quarter, compared to the consensus estimate of $362.37 million. TrueBlue had a negative net margin of 9.02% and a negative return on equity of 8.25%. As a group, research analysts forecast that TrueBlue, Inc. will post 0.15 EPS for the current year.
Institutional Trading of TrueBlue
A number of hedge funds and other institutional investors have recently bought and sold shares of TBI. Proficio Capital Partners LLC bought a new stake in TrueBlue during the 4th quarter valued at $978,000. Raymond James Financial Inc. bought a new stake in shares of TrueBlue in the 4th quarter worth $478,000. Pzena Investment Management LLC grew its stake in shares of TrueBlue by 0.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider's stock worth $23,424,000 after acquiring an additional 8,511 shares in the last quarter. Royce & Associates LP grew its stake in shares of TrueBlue by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock worth $12,795,000 after acquiring an additional 441,108 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of TrueBlue in the 4th quarter worth $265,000. Institutional investors own 97.15% of the company's stock.
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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