Trueblue Stock Hits New 52-Week High (TBI)

NEW YORK (TheStreet) -- Trueblue (NYSE:TBI) hit a new 52-week high Monday as it is currently trading at $18.05, above its previous 52-week high of $17.99 with 35,540 shares traded as of 11:28 a.m. ET. Average volume has been 299,500 shares over the past 30 days.

Trueblue has a market cap of $674.9 million and is part of the services sector and diversified services industry. Shares are up 25.9% year to date as of the close of trading on Friday.

TrueBlue, Inc. provides temporary blue-collar staffing services in the United States and Canada. The company has a P/E ratio of 23.3, below the average diversified services industry P/E ratio of 26 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Trueblue as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Trueblue Ratings Report.

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