Team (NYSE:TISI) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Team, Inc. (NYSE:TISI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.38 and traded as high as $22.14. Team shares last traded at $21.69, with a volume of 15,052 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Team from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Team Stock Down 1.7%

The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The company’s fifty day simple moving average is $19.22 and its 200 day simple moving average is $17.38. The firm has a market capitalization of $97.45 million, a PE ratio of -1.76 and a beta of 1.78.

Team (NYSE:TISI) last announced its earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $198.66 million during the quarter.

Institutional Investors Weigh In On Team

Several hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Team by 7.3% during the third 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 in the last quarter. JPMorgan Chase & Co. increased its position in Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after buying an additional 1,957 shares in the last quarter. Geode Capital Management LLC increased its position in Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Team during the fourth quarter valued at $140,000. Finally, Northern Trust Corp boosted its holdings in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after acquiring an additional 12,400 shares in the last quarter. Institutional investors 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.