Team (NYSE:TISI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Team, Inc. (NYSE:TISI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.44 and traded as high as $22.55. Team shares last traded at $22.06, with a volume of 27,014 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Team from a “buy” rating to a “strong-buy” rating in a report on Monday, March 24th.

Team Stock Performance

The company has a market capitalization of $99.12 million, a PE ratio of -1.79 and a beta of 1.60. The firm has a 50-day moving average of $17.89 and a two-hundred day moving average of $17.44. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Team (NYSE:TISI) last posted its earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. The firm had revenue of $213.30 million during the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Hedge Funds Weigh In On Team

A number of large investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in Team by 7.3% in the third 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 period. Manatuck Hill Partners LLC grew its stake in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after acquiring an additional 11,625 shares during the period. Geode Capital Management LLC increased its holdings in Team by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after acquiring an additional 2,033 shares in the last quarter. Northern Trust Corp raised its position in Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after acquiring an additional 12,400 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Team during the fourth quarter valued at $140,000. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.