Team (NYSE:TISI) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Team, Inc. (NYSE:TISI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.51 and traded as high as $19.13. Team shares last traded at $18.39, with a volume of 10,176 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Team from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

Team Stock Performance

The firm has a fifty day moving average of $18.12 and a 200-day moving average of $18.51. The company has a quick ratio of 1.72, a current ratio of 1.97 and a debt-to-equity ratio of 183.33. The stock has a market capitalization of $82.73 million, a price-to-earnings ratio of -1.57 and a beta of 1.86.

Team (NYSE:TISI) last posted its earnings results on Tuesday, August 12th. The business services provider reported ($0.20) earnings per share for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%. The firm had revenue of $248.03 million during the quarter.

Insider Buying and Selling

In related news, Director Evan S. Lederman sold 1,650 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.04, for a total transaction of $29,766.00. Following the sale, the director owned 5,878 shares of the company’s stock, valued at $106,039.12. This trade represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corre Partners Management, Llc acquired 3,640 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the purchase, the insider owned 1,586,368 shares of the company’s stock, valued at approximately $30,585,175.04. The trade was a 0.23% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 27,776 shares of company stock worth $525,907. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Team

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Team in the 4th quarter valued at about $140,000. Northern Trust Corp grew its holdings in Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the period. Geode Capital Management LLC increased its stake in shares of Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after acquiring an additional 2,033 shares during the last quarter. Finally, 22NW LP purchased a new position in shares of Team during the 1st quarter worth about $589,000. Hedge funds and other institutional investors 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.