TrueBlue (NYSE:TBI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

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.

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

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.