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

Shares of Team, Inc. (NYSE:TISI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.04 and traded as high as $18.99. Team shares last traded at $17.81, with a volume of 7,739 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Team from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Team Price Performance

The stock has a market capitalization of $79.88 million, a PE ratio of -1.45 and a beta of 1.83. The stock’s 50 day moving average is $15.50 and its two-hundred day moving average is $15.04. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, November 11th. The business services provider reported ($2.84) earnings per share for the quarter. The company had revenue of $210.76 million during the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Institutional Trading of Team

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Team in the 2nd quarter valued at approximately $118,000. Barclays PLC increased its holdings in Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.