Team (NYSE:TISI) Stock Price Crosses Above 200-Day Moving Average of $7.06

Shares of Team, Inc. (NYSE:TISIGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.06 and traded as high as $8.57. Team shares last traded at $8.32, with a volume of 2,790 shares changing hands.

Analysts Set New Price Targets

Separately, initiated coverage on shares of Team in a research report on Tuesday. They issued a “buy” rating for the company.

Check Out Our Latest Analysis on Team

Team Stock Performance

The company has a market cap of $36.77 million, a PE ratio of -0.54 and a beta of 1.84. The company has a debt-to-equity ratio of 11.41, a quick ratio of 1.52 and a current ratio of 1.74. The stock’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $7.06.

Team (NYSE:TISIGet Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. The firm had revenue of $199.60 million for the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%.

Insiders Place Their Bets

In other news, major shareholder Corre Partners Management, Llc acquired 4,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $8.29 per share, for a total transaction of $33,160.00. Following the transaction, the insider now owns 1,559,520 shares in the company, valued at $12,928,420.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders bought 12,922 shares of company stock worth $96,510. 2.70% of the stock is owned by insiders.

About Team

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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.

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