NEW YORK ( TheStreet) -- On Assignment (Nasdaq: ASGN) hit a new 52-week high Friday as it is currently trading at $19.14, above its previous 52-week high of $18.93 with 413,930 shares traded as of 12:15 p.m. ET. Average volume has been 307,000 shares over the past 30 days.

On Assignment has a market cap of $650.1 million and is part of the services sector and diversified services industry. Shares are up 54.7% year to date as of the close of trading on Thursday.

On Assignment, Inc., a diversified professional staffing firm, provides flexible and permanent staffing solutions in the United States, Europe, Canada, Australia, and New Zealand. The company has a P/E ratio of 27, 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 On Assignment as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full On Assignment Ratings Report.

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