Team (NYSE:TISI) Stock Passes Above 200-Day Moving Average – Time to Sell?

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 traded.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: Recent earnings showed Team, Inc. beat analyst expectations on both EPS and revenue, which suggests the business is outperforming prior estimates and could support the stock over time.
• Neutral Sentiment: The article stream includes several unrelated “team”/staffing/leadership items across other companies, but nothing that appears to be a direct catalyst for Team, Inc. stock.
• Neutral Sentiment: With no new press release, contract announcement, or guidance update from Team, Inc. in the last 24–36 hours, traders may be rotating based on technical factors rather than fundamentals.

Wall Street Analysts Forecast Growth

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

Team Stock Down 0.4%

The stock’s 50 day moving average price is $16.59 and its 200-day moving average price is $15.24. The stock has a market capitalization of $79.98 million, a PE ratio of -2.13 and a beta of 1.03.

Team (NYSE:TISI) last announced 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 firm had revenue of $215.06 million during the quarter, compared to analysts’ expectations of $208.88 million.

Insider Activity

In other Team news, CEO Gary L. Hill bought 6,250 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 51,687 shares of the company’s stock, valued at $826,992. This trade represents a 13.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward J. Stenger bought 3,583 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of $16.31 per share, with a total value of $58,438.73. Following the transaction, the director directly owned 14,890 shares of the company’s stock, valued at $242,855.90. This represents a 31.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 17,650 shares of company stock valued at $283,853 in the last quarter. 8.80% of the stock is currently owned by company insiders.

Institutional Trading of Team

Several institutional investors have recently made changes to their positions in TISI. IES Holdings Inc. purchased a new stake in shares of Team during the fourth quarter worth about $1,060,000. DG Capital Management LLC purchased a new position in Team during the fourth quarter valued at $913,000. Corre Partners Management LLC grew its stake in 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 valued at $22,669,000 after acquiring an additional 17,030 shares in the last quarter. Barclays PLC grew its stake in Team by 4.8% during the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after acquiring an additional 14,238 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in Team during the fourth quarter valued at $168,000. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.