Team (NYSE:TISI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.51 and traded as high as $17.88. Team shares last traded at $17.75, with a volume of 3,295 shares changing hands.

Key Team News

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No material Team, Inc. corporate announcement or earnings-related update was included in the latest articles. The news flow appears unrelated to TISI.
• Positive Sentiment: Team’s most recent reported quarter beat analyst expectations on both earnings and revenue, which can continue to underpin investor confidence.
• Positive Sentiment: The stock remains above its 50-day and 200-day moving averages, indicating the broader trend has been improving.

Wall Street Analyst Weigh In

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

Team Price Performance

The firm has a 50 day moving average of $16.81 and a two-hundred day moving average of $15.51. The stock has a market cap of $81.12 million, a PE ratio of -2.16 and a beta of 1.03.

Team (NYSE:TISI) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, topping the consensus estimate 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 Buying and Selling at Team

In other news, CEO Gary L. Hill bought 6,250 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $16.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer directly owned 51,687 shares in the company, valued at $826,992. This trade represents a 13.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 12,650 shares of company stock valued at $203,862. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Team

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Team by 6.4% during 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 during the last quarter. Barclays PLC boosted its stake in Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after purchasing an additional 14,238 shares during the period. DG Capital Management LLC purchased a new position in Team during the 4th quarter worth $913,000. Corre Partners Management LLC grew its position in Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock worth $22,669,000 after purchasing an additional 17,030 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in Team in the fourth quarter valued at $168,000. 46.57% of the stock is owned by institutional investors and hedge funds.

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.