Team, Inc. (NYSE:TISI – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.00 and traded as high as $15.01. Team shares last traded at $14.92, with a volume of 9,552 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Team in a report on Saturday, August 10th. They issued a “strong-buy” rating for the company.
Check Out Our Latest Analysis on Team
Team Stock Performance
Team (NYSE:TISI – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $228.62 million for the quarter. Team had a negative return on equity of 98.59% and a negative net margin of 6.50%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new stake in Team, Inc. (NYSE:TISI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. 46.57% of the stock is owned by hedge funds and other institutional investors.
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.
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