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

Team, Inc. (NYSE:TISI) shares crossed 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.

Trending Headlines about Team

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.

Analyst Upgrades and Downgrades

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

Team Stock Up 1.2%

The company has a fifty day moving average of $16.81 and a two-hundred day moving average of $15.51. The stock has a market capitalization of $81.12 million, a price-to-earnings ratio of -2.16 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, beating the consensus estimate of ($5.94) by $3.18. The firm had revenue of $215.06 million during the quarter, compared to analyst estimates of $208.88 million.

Insider Buying and Selling at Team

In other news, CEO Gary L. Hill purchased 6,250 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $16.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 12,650 shares of company stock valued at $203,862 over the last quarter. 8.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Team

A number of institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new position in shares of Team during the 4th quarter worth approximately $168,000. Dimensional Fund Advisors LP boosted its stake in shares of Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after buying an additional 893 shares in the last quarter. Susquehanna International Group LLP grew its holdings in Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after acquiring an additional 834 shares during the period. DG Capital Management LLC acquired a new position in Team during the fourth quarter worth $913,000. Finally, Manatuck Hill Partners LLC raised its position in Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 10,000 shares in the last quarter. 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.