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

Team, Inc. (NYSE:TISI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.84 and traded as high as $17.75. Team shares last traded at $16.88, with a volume of 15,312 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Team from a “buy” rating to a “strong-buy” rating in a report on Monday, March 24th.

Team Price Performance

The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The stock has a fifty day simple moving average of $16.53 and a 200-day simple moving average of $16.84. The company has a market capitalization of $75.82 million, a price-to-earnings ratio of -1.37 and a beta of 1.91.

Team (NYSE:TISI) last released its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) EPS for the quarter. The firm had revenue of $213.30 million for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Hedge Funds Weigh In On Team

A number of large investors have recently bought and sold shares of the business. Barclays PLC increased its position in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after buying an additional 18,733 shares in the last quarter. Northern Trust Corp grew its stake in Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 12,400 shares during the period. Manatuck Hill Partners LLC increased its holdings in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after acquiring an additional 11,625 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Team during the fourth quarter worth $140,000. Finally, Geode Capital Management LLC raised its position in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3,973 shares during the period. 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.