Team (NYSE:TISI) Stock Price Breaks Above 200-Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $19.74 and traded as high as $26.78. Team shares last traded at $24.83, with a volume of 36,215 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TISI. Wall Street Zen upgraded shares of Team to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Team Stock Down 1.1%

The company has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $19.81. The company has a market capitalization of $111.61 million, a price-to-earnings ratio of -2.59 and a beta of 0.98.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.

Insider Activity at Team

In other Team news, Director Anthony R. Horton purchased 2,000 shares of Team stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $22.90 per share, with a total value of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares in the company, valued at approximately $643,077.80. This represents a 7.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Clinton Roeder acquired 9,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were acquired at an average price of $22.89 per share, with a total value of $206,010.00. Following the completion of the purchase, the chief financial officer owned 9,000 shares of the company’s stock, valued at $206,010. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 23,500 shares of company stock worth $575,750 in the last 90 days. 8.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Team

A hedge fund recently raised its position in Team stock. Dimensional Fund Advisors LP lifted its holdings in shares of Team, Inc. (NYSE:TISI) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,952 shares of the business services provider’s stock after acquiring an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 as of its most recent filing with the Securities and Exchange Commission. 46.57% of the stock is currently owned by institutional investors.

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, engineering and specialized technical services for critical infrastructure. Its customers include operators in the energy, petrochemical, refining, chemical processing, power generation and other industrial markets.

The company’s services are designed to help customers assess asset condition, improve reliability and maintain compliance with safety and operating requirements. Its offerings have included nondestructive testing and inspection, mechanical integrity services, heat treatment, turnaround and maintenance support, rope access, engineering and other field-based services for piping, pressure vessels, storage tanks and related equipment.

Founded in 1973, Team has served industrial customers through operations in North America and other international markets.