Team (NYSE:TISI) Stock Price Crosses Above 200 Day Moving Average of $8.18

Team, Inc. (NYSE:TISI)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.18 and traded as high as $14.75. Team shares last traded at $14.73, with a volume of 18,400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Team in a research note on Saturday, August 10th. They set a “strong-buy” rating for the company.

Team Stock Down 4.7 %

The firm has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $8.32. The company has a quick ratio of 1.59, a current ratio of 1.82 and a debt-to-equity ratio of 13.11. The company has a market capitalization of $75.98 million, a price-to-earnings ratio of -1.11 and a beta of 1.87.

Team (NYSE:TISI) last announced its earnings results on Thursday, August 8th. The business services provider reported ($0.45) earnings per share for the quarter. The business had revenue of $228.62 million for the quarter. Team had a negative net margin of 6.50% and a negative return on equity of 98.59%.

Insider Buying and Selling

In other Team news, major shareholder Corre Partners Management, Llc bought 4,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were purchased at an average price of $8.29 per share, with a total value of $33,160.00. Following the completion of the acquisition, the insider now directly owns 1,559,520 shares of the company’s stock, valued at approximately $12,928,420.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Team

A hedge fund recently bought a new stake in Team stock. Renaissance Technologies LLC bought a new position in shares of Team, Inc. (NYSE:TISI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.30% of Team at the end of the most recent reporting period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

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.