Company shares last traded at $23.75 a bit higher than $22.28, the stock’s 50 day moving average and a tad under the 200 day moving average of $24.46. The 50 day moving average was up $1.47 and the 200 day average went down by -2.90%. Trading was light with 1,865 shares changing hands in the last trading session. Volume was down 99.26% under the stocks average daily volume.
Short traders are more bullish on TrueBlue, Inc. as implied by the fall in short interest. The stock saw a fall in short interest of -20.77% between September 15, 2017 and September 29, 2017. Short shares decreased 94,382 over that timeframe. With short interest at 360,095 and short average daily volume at 236,331, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.01% as of September 29.
These funds have shifted positions in (TBI). As of quarter end Bank Of Montreal /can/ had sold 70 shares trimming its holdings by 70.7%. The value of the investment in TrueBlue, Inc. decreased from $3,000 to $1,000 decreasing 66.7% quarter to quarter. Meeder Asset Management Inc added to its ownership by buying 390 shares an increase of 24.3% in the quarter. Meeder Asset Management Inc currently owns 1,998 shares worth $45,000. The total value of its holdings increased 4.7%.
Clark Estates Inc/ny expanded its holdings by buying 11,500 shares an increase of 7.7%. Clark Estates Inc/ny owns 161,500 shares with a value of $3,626,000. The value of the position overall is down by 8.8%. As of the end of the quarter Bowling Portfolio Management LLC had acquired a total of 44,927 shares growing its position 372.8%. The value of the investment in (TBI) went from $319,000 to $1,279,000 a change of $960,000 since the last quarter.
The P/E ratio is currently 16.77 and market capitalization is 987.48M. As of the latest earnings report the EPS was $1.42 and is expected to be $1.69 for the current year with 41,578,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.48 and the next full year EPS is projected to be $1.83.
TrueBlue, Inc., launched on March 18, 1985, is a provider of specialized workforce solutions. The Company is involved in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line. Its PeopleManagement segment provides primarily on-premise contingent staffing and on-premise management of those contingent staffing services through four segments: Staff Management a SMX (Staff Management), SIMOS Insourcing Solutions Corporation (SIMOS), Centerline and PlaneTechs. Its PeopleScout segment provides permanent employee recruitment process outsourcing (RPO) and management of outsourced labor service providers through two segments: PeopleScout and PeopleScout MSP..