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

Team, Inc. (NYSE:TISI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.97 and traded as high as $27.75. Team shares last traded at $27.09, with a volume of 30,118 shares trading hands.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: The move above the 200-day moving average could draw additional technical buying and improve investor sentiment toward Team. Team Stock Crosses Above 200-Day Moving Average
• Neutral Sentiment: The article is based on technical price action rather than a new contract, earnings update or fundamental improvement. Investors should therefore watch whether Team can sustain the breakout, especially given its negative price-to-earnings ratio and history of losses.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Team has a consensus rating of “Sell”.

Team Stock Down 1.1%

The stock’s 50 day moving average price is $21.32 and its 200-day moving average price is $18.06. The stock has a market capitalization of $124.43 million, a PE ratio of -2.88 and a beta of 1.14.

Team (NYSE:TISI) last announced its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, topping the consensus estimate of ($5.94) by $4.21. The company had revenue of $228.68 million during the quarter, compared to analysts’ expectations of $208.88 million.

Insiders Place Their Bets

In other Team news, Director Anthony R. Horton bought 2,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares of the company’s stock, valued at approximately $643,077.80. This represents a 7.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Clinton Roeder purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average cost of $27.59 per share, with a total value of $220,720.00. Following the completion of the purchase, the chief financial officer directly owned 17,000 shares in the company, valued at $469,030. The trade was a 88.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 23,500 shares of company stock valued at $575,750. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Team

A hedge fund recently raised its stake in Team stock. Dimensional Fund Advisors LP boosted its position in shares of Team, Inc. (NYSE:TISI) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,952 shares of the business services provider’s stock after purchasing an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.