Team (NYSE:TISI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.60 and traded as high as $16.66. Team shares last traded at $16.36, with a volume of 1,746 shares changing hands.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No direct operational update, earnings release, contract announcement, or guidance change for Team, Inc. was included in the recent news flow.
• Neutral Sentiment: Recent headlines center on other firms’ management changes and hiring announcements, which are not expected to materially affect Team, Inc.’s fundamentals.
• Neutral Sentiment: Team, Inc. last reported a quarterly earnings beat on both EPS and revenue, which may continue to support sentiment, but there was no new catalyst in the latest articles.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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.com, the stock presently has a consensus rating of “Sell”.

Team Price Performance

The firm has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $15.62. The company has a market capitalization of $76.68 million, a PE ratio of -2.04 and a beta of 1.03.

Team (NYSE:TISI) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $208.88 million.

Insider Buying and Selling

In related news, CEO Gary L. Hill purchased 6,250 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $16.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief executive officer directly owned 51,687 shares in the company, valued at $826,992. The trade was a 13.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 12,650 shares of company stock worth $203,862. Insiders own 8.80% of the company’s stock.

Institutional Trading of Team

Hedge funds have recently made changes to their positions in the company. Corre Partners Management LLC lifted its position in shares of Team by 1.1% during the fourth 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 in the last quarter. Barclays PLC grew its holdings in Team by 4.8% during the 4th 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 in the last quarter. Vanguard Group Inc. grew its holdings in Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after purchasing an additional 2,667 shares in the last quarter. IES Holdings Inc. purchased a new stake in Team during the 4th quarter worth $1,060,000. Finally, Manatuck Hill Partners LLC increased its stake in Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 46.57% of the company’s stock.

About Team

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.