Team (NYSE:TISI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $19.02 and traded as high as $20.66. Team shares last traded at $19.98, with a volume of 27,816 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TISI shares. Wall Street Zen raised shares of Team to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Team presently has an average rating of “Sell”.

Team Trading Up 6.0%

The firm has a market capitalization of $91.51 million, a price-to-earnings ratio of -2.12 and a beta of 1.15. The company’s 50 day moving average is $25.71 and its 200-day moving average is $19.02.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, topping analysts’ consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Insider Buying and Selling

In other Team news, CFO Clinton Roeder acquired 8,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was bought at an average cost of $27.59 per share, with a total value of $220,720.00. Following the completion of the transaction, the chief financial officer directly owned 17,000 shares in the company, valued at approximately $469,030. This represents a 88.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Horton bought 2,000 shares of Team stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $22.90 per share, with a total value of $45,800.00. Following the completion of the purchase, the director directly owned 28,082 shares in the company, valued at $643,077.80. This trade represents a 7.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 23,500 shares of company stock valued at $575,750. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Team

A hedge fund recently raised its position in Team stock. Dimensional Fund Advisors LP boosted its stake in shares of Team, Inc. (NYSE:TISI) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,952 shares of the business services provider’s stock after purchasing an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 46.57% of the company’s stock.

Team Company Profile

Team, Inc. is an industrial services company that provides asset integrity management, inspection, maintenance, and repair services for customers with complex industrial infrastructure. Its work supports the safe and reliable operation of facilities and equipment in industries such as energy, petrochemicals, refining, power generation, and other process-based sectors. The company’s services include nondestructive testing and examination, mechanical integrity assessment, engineering and consulting, heat treatment, rope access, leak detection and repair, field machining, and specialized repair and maintenance.