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

Team, Inc. (NYSE:TISI)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.71 and traded as high as $16.60. Team shares last traded at $16.60, with a volume of 12,041 shares.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team’s stock moved back above its 200-day moving average, a development that can attract technical buyers and short-term momentum investors. Team (NYSE:TISI) Shares Cross Above 200-Day Moving Average – Time to Sell?
• Neutral Sentiment: No fresh operating update, earnings release, or major contract announcement for Team, Inc. was included in the latest articles, so the move appears to be driven more by market/technical trading than by new fundamentals.
• Neutral Sentiment: Broader news in the feed focused on other companies announcing leadership changes or partnerships, including Enerpac Tool Group, Santander UK, ServiceNow, and Playboy, but these items do not appear to directly affect TISI.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Team Stock Down 0.4%

The stock has a 50-day moving average price of $16.73 and a 200 day moving average price of $15.73. The firm has a market capitalization of $76.04 million, a price-to-earnings ratio of -2.02 and a beta of 1.03.

Team (NYSE:TISI) last issued its earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share 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 acquired 6,250 shares of Team 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 12,650 shares of company stock valued at $203,862. 8.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Team

Several large investors have recently bought and sold shares of TISI. Dimensional Fund Advisors LP raised its stake in 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. Barclays PLC boosted its position in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 14,238 shares in the last quarter. DG Capital Management LLC purchased a new position in shares of Team in the 4th quarter valued at about $913,000. Corre Partners Management LLC increased its holdings in shares of Team by 1.1% in the 4th 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 during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Team during the 4th quarter worth about $168,000. 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.