Free Trial

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

TrueBlue logo with Business Services background

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.

See Also

Should You Invest $1,000 in TrueBlue Right Now?

Before you consider TrueBlue, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TrueBlue wasn't on the list.

While TrueBlue currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines