NEW YORK (

TheStreet

) --

On Assignment

(Nasdaq:

ASGN

) is trading at unusually high volume Wednesday with 1.3 million shares changing hands. It is currently at 5.8 times its average daily volume and trading up 54 cents (+5.5%) at $10.42 as of 4 p.m. ET.

On Assignment has a market cap of $344.7 million and is part of the

services

sector and

diversified services

industry. Shares are up 21.2% year to date as of the close of trading on Tuesday.

On Assignment, Inc., a diversified professional staffing firm, provides flexible and permanent staffing solutions in the United States, Europe, Canada, Australia, New Zealand, and Bermuda. It operates in four segments: Life Sciences, Healthcare, Physician, and IT and Engineering. The company has a P/E ratio of 143.7, above the average diversified services industry P/E ratio of 116.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates On Assignment as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full

On Assignment Ratings Report

.

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