Team (NYSE:TISI) Stock Crosses Above 200 Day Moving Average of $8.18

Team, Inc. (NYSE:TISI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.18 and traded as high as $14.75. Team shares last traded at $14.73, with a volume of 18,400 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Team in a research note on Saturday, August 10th. They set a “strong-buy” rating for the company.

Team Stock Performance

The company has a debt-to-equity ratio of 13.11, a current ratio of 1.82 and a quick ratio of 1.59. The stock has a market capitalization of $65.11 million, a P/E ratio of -0.95 and a beta of 1.87. The company has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $8.18.

Team (NYSE:TISI) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $228.62 million during the quarter. Team had a negative net margin of 6.50% and a negative return on equity of 98.59%.

Insider Activity

In other Team news, major shareholder Corre Partners Management, Llc acquired 4,000 shares of Team stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $8.29 per share, for a total transaction of $33,160.00. Following the purchase, the insider now owns 1,559,520 shares of the company’s stock, valued at $12,928,420.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC acquired a new stake in Team, Inc. (NYSE:TISI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.30% of Team at the end of the most recent quarter. 46.57% of the stock is owned by institutional investors and hedge funds.

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.