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

Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.04 and traded as high as $18.99. Team shares last traded at $17.81, with a volume of 7,739 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Team from a “buy” rating to a “strong-buy” rating in a report on Friday.

Team Stock Down 5.8 %

The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The stock has a market capitalization of $77.23 million, a P/E ratio of -1.40 and a beta of 1.83. The stock has a fifty day moving average price of $15.60 and a 200 day moving average price of $15.12.

Team (NYSE:TISI) last issued its earnings results on Monday, November 11th. The business services provider reported ($2.84) EPS for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The company had revenue of $210.76 million during the quarter.

Institutional Trading of Team

A number of hedge funds have recently made changes to their positions in TISI. Renaissance Technologies LLC bought a new position in Team during the second quarter valued at approximately $118,000. Geode Capital Management LLC boosted its stake in shares of Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the last quarter. 46.57% of the stock is owned by institutional investors.

Team Company Profile

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.