Team, Inc. (NYSE:TISI – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.38 and traded as high as $22.14. Team shares last traded at $21.69, with a volume of 15,052 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Team from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.
Read Our Latest Report on TISI
Team Trading Down 1.7%
Team (NYSE:TISI – Get Free Report) last posted its earnings results on Monday, May 12th. The business services provider reported ($3.31) EPS for the quarter. The company had revenue of $198.66 million during the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. AMH Equity Ltd lifted its stake in shares of Team by 4.1% in the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock worth $784,000 after purchasing an additional 1,807 shares during the period. JPMorgan Chase & Co. increased its holdings in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after buying an additional 1,957 shares during the last quarter. Geode Capital Management LLC increased its holdings in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Team in the fourth quarter worth approximately $140,000. Finally, Manatuck Hill Partners LLC boosted its stake in shares of Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after acquiring an additional 11,625 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.
About Team
Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.
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