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

Team, Inc. (NYSE:TISI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.34 and traded as high as $17.00. Team shares last traded at $17.00, with a volume of 2,065 shares trading hands.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team announced that Clinton Roeder will join as Executive Vice President and Chief Financial Officer on June 22, replacing retiring CFO Nelson Haight. Management said the move is intended to help guide the company into its next stage of growth and financial improvement. Article Title
• Neutral Sentiment: The stock also drew attention after a market note highlighted that TISI shares crossed above their 200-day moving average, a technical signal that can attract momentum-focused investors. Article Title

Wall Street Analysts Forecast Growth

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

Team Stock Performance

The stock has a market cap of $78.06 million, a price-to-earnings ratio of -2.08 and a beta of 1.03. The company has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $15.36.

Team (NYSE:TISI) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported ($2.76) EPS for the quarter, beating the consensus estimate of ($5.94) by $3.18. The company had revenue of $215.06 million during the quarter, compared to analyst estimates of $208.88 million.

Insider Transactions at Team

In other news, Director Edward J. Stenger bought 3,583 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of $16.31 per share, with a total value of $58,438.73. Following the acquisition, the director owned 14,890 shares in the company, valued at $242,855.90. This trade represents a 31.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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, with a total value 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 disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 17,650 shares of company stock valued at $283,853. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Team

A number of institutional investors have recently bought and sold shares of the business. DRW Securities LLC acquired a new stake in shares of Team in the fourth quarter valued at approximately $168,000. GSA Capital Partners LLP acquired a new position in shares of Team during the 3rd quarter worth approximately $188,000. Dimensional Fund Advisors LP increased its holdings in shares of Team by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after acquiring an additional 893 shares during the last quarter. Susquehanna International Group LLP raised its stake in Team by 5.1% in the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 834 shares during the period. Finally, DG Capital Management LLC bought a new stake in Team in the 4th quarter valued at $913,000. Institutional investors and hedge funds 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.