Team (NYSE:TISI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.24 and traded as high as $18.50. Team shares last traded at $17.50, with a volume of 8,891 shares changing hands.

Team News Summary

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team, Inc. (TISI) stock crossed above its 200-day moving average, a level many investors view as a bullish technical indicator that can signal improving trend strength. Team (NYSE:TISI) Stock Passes Above 200-Day Moving Average – Time to Sell?
• Neutral Sentiment: The other headlines in the feed focus on companies such as OpenAI, Boeing, Nvidia, Meta, and various team-building or governance announcements, and do not appear to have a direct fundamental impact on Team, Inc. How Salesforce Development Services Improve Customer Experience and Team Productivity

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Team has a consensus rating of “Sell”.

Team Price Performance

The business’s fifty day moving average is $16.63 and its 200-day moving average is $15.26. The firm has a market cap of $76.36 million, a PE ratio of -2.03 and a beta of 1.03.

Team (NYSE:TISI) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.94) by $3.18. The company had revenue of $215.06 million for the quarter, compared to analysts’ expectations of $208.88 million.

Insider Transactions at Team

In other 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 cost of $16.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the chief executive officer directly owned 51,687 shares of the company’s stock, valued at $826,992. This represents a 13.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward J. Stenger bought 3,583 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average cost of $16.31 per share, with a total value of $58,438.73. Following the completion of the transaction, the director directly owned 14,890 shares of the company’s stock, valued at approximately $242,855.90. The trade was a 31.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 17,650 shares of company stock valued at $283,853 in the last 90 days. 8.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Team

A number of large investors have recently bought and sold shares of TISI. IES Holdings Inc. purchased a new stake in Team in the fourth quarter worth $1,060,000. DG Capital Management LLC bought a new stake in shares of Team in the fourth quarter valued at approximately $913,000. Corre Partners Management LLC raised its position in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after purchasing an additional 17,030 shares during the period. Barclays PLC raised its position in shares of Team by 4.8% in the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 14,238 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Team in the fourth quarter valued at approximately $168,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.