Team (NYSE:TISI) Stock Passes Above 200-Day Moving Average of $1.25

Team, Inc. (NYSE:TISIGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.25 and traded as high as $1.29. Team shares last traded at $1.25, with a volume of 350,433 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, raised shares of Team from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th.

Team Stock Down 3.1 %

The firm has a market capitalization of $54.03 million, a price-to-earnings ratio of -0.22 and a beta of 2.03. The company has a debt-to-equity ratio of 8.48, a current ratio of 0.59 and a quick ratio of 0.53. The business has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.25.

Hedge Funds Weigh In On Team

Several institutional investors and hedge funds have recently modified their holdings of TISI. AE Wealth Management LLC boosted its holdings in Team by 26.8% during the second quarter. AE Wealth Management LLC now owns 76,302 shares of the business services provider’s stock worth $57,000 after buying an additional 16,134 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Team in the 1st quarter valued at $36,000. Wetherby Asset Management Inc. purchased a new stake in Team in the 1st quarter worth $40,000. Teton Advisors Inc. lifted its holdings in Team by 83.7% during the fourth quarter. Teton Advisors Inc. now owns 45,000 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 20,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Team in the first quarter valued at about $48,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Team Company Profile

(Get Rating)

Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity segments. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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