Trueblue Stock Falls On Unusually High Volume (TBI)

NEW YORK ( TheStreet) -- Trueblue (NYSE: TBI) is trading at unusually high volume Thursday with 908,023 shares changing hands. It is currently at four times its average daily volume and trading down $1.86 (-9.8%) at $17.03 as of 1:21 p.m. ET. Trueblue has a market cap of $837.9 million and is part of the services sector and diversified services industry. Shares are up 5% year to date as of the close of trading on Wednesday.

TrueBlue, Inc. provides temporary blue-collar staffing services. The company has a P/E ratio of 46.4, below the average diversified services industry P/E ratio of 47.6 and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Trueblue as hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Trueblue Ratings Report.

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