Team, Inc. (NYSE:TISI – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.43 and traded as high as $17.49. Team shares last traded at $17.49, with a volume of 3,566 shares changing hands.
Trending Headlines about Team
Here are the key news stories impacting Team this week:
- Neutral Sentiment: Team, Inc. (TISI) was highlighted in a technical-market article after its shares moved above the 200-day moving average, which may have drawn short-term trading interest but does not appear to be tied to a new operational development. Team (NYSE:TISI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Team currently has a consensus rating of “Sell”.
Team Stock Performance
The stock’s 50-day moving average price is $16.79 and its two-hundred day moving average price is $15.44. The stock has a market capitalization of $77.16 million, a PE ratio of -2.05 and a beta of 1.03.
Team (NYSE:TISI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.94) by $3.18. The business had revenue of $215.06 million during the quarter, compared to the consensus estimate of $208.88 million.
Insider Buying and Selling at Team
In other Team news, CEO Gary L. Hill bought 6,250 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $16.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief executive officer owned 51,687 shares of the company’s stock, valued at approximately $826,992. This trade represents a 13.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 12,650 shares of company stock worth $203,862 over the last ninety days. 8.80% of the stock is currently owned by company insiders.
Institutional Trading of Team
Several hedge funds and other institutional investors have recently made changes to their positions in TISI. DRW Securities LLC bought a new position in Team during the 4th quarter valued at approximately $168,000. GSA Capital Partners LLP bought a new stake in Team in the third quarter worth $188,000. Dimensional Fund Advisors LP boosted its holdings in Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after acquiring an additional 893 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after acquiring an additional 834 shares during the last quarter. Finally, DG Capital Management LLC purchased a new stake in shares of Team in the fourth quarter worth $913,000. Hedge funds and other institutional investors own 46.57% of the company’s stock.
Team Company Profile
Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.
Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.
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