NEW YORK ( TheStreet) -- Shares of Trueblue (NYSE: TBI) were gapping up Thursday morning with an open price 10.2% higher than Wednesday's closing price. The stock closed at $13.84 Wednesday and opened today's trading at $15.25.

The average volume for Trueblue has been 303,000 shares per day over the past 30 days. Trueblue has a market cap of $636.3 million and is part of the services sector and diversified services industry. Shares are down 23.1% 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 27.1, below the average diversified services industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Trueblue as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Trueblue Ratings Report.

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