NEW YORK ( TheStreet) -- Shares of Trueblue (NYSE: TBI) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $13.27 Thursday and opened today's trading at $11.88.

The average volume for Trueblue has been 331,700 shares per day over the past 30 days. Trueblue has a market cap of $576.2 million and is part of the services sector and diversified services industry. Shares are down 26.2% year to date as of the close of trading on Thursday.

TrueBlue, Inc. provides temporary blue-collar staffing services. The company has a P/E ratio of 24.7, equal to the average diversified services industry P/E ratio 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, solid stock price performance and growth in earnings per share. 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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