Team (NYSE:TISI) Stock Crosses Above 200-Day Moving Average of $7.19

Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.19 and traded as high as $8.73. Team shares last traded at $8.60, with a volume of 15,277 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Team in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.

Team Stock Down 4.2 %

The company has a quick ratio of 1.82, a current ratio of 2.06 and a debt-to-equity ratio of 3.84. The company has a market cap of $37.56 million, a PE ratio of 0.44 and a beta of 1.89. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $7.19.

Team (NYSE:TISI) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported ($2.55) earnings per share (EPS) for the quarter. Team had a net margin of 9.60% and a negative return on equity of 123.81%. The company had revenue of $239.49 million for the quarter.

Hedge Funds Weigh In On Team

A number of hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Team by 41.8% during the 1st quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 118,049 shares during the period. Millennium Management LLC boosted its holdings in Team by 672.0% in the 2nd quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after buying an additional 397,535 shares during the period. XTX Topco Ltd boosted its holdings in Team by 349.9% in the 1st quarter. XTX Topco Ltd now owns 77,438 shares of the business services provider’s stock worth $171,000 after buying an additional 60,226 shares during the period. Virtu Financial LLC boosted its holdings in Team by 83.4% in the 1st quarter. Virtu Financial LLC now owns 54,956 shares of the business services provider’s stock worth $121,000 after buying an additional 24,987 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Team in the 1st quarter worth $77,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Team Company Profile

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) and Mechanical Services (MS) 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.