Team (NYSE:TISI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.96 and traded as high as $21.61. Team shares last traded at $19.50, with a volume of 55,444 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Team in a report on Saturday, August 10th. They issued a “strong-buy” rating on the stock.

Team Stock Performance

The stock has a market capitalization of $86.19 million, a PE ratio of -1.55 and a beta of 1.88. The company has a quick ratio of 1.59, a current ratio of 1.82 and a debt-to-equity ratio of 13.11. The stock has a fifty day moving average of $16.14 and a 200-day moving average of $10.96.

Team (NYSE:TISI) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.45) EPS for the quarter. Team had a negative net margin of 6.50% and a negative return on equity of 98.59%. The company had revenue of $228.62 million during the quarter.

Hedge Funds Weigh In On Team

An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new stake in Team, Inc. (NYSE:TISI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.30% of Team at the end of the most recent reporting period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.