Team (NYSE:TISI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Team, Inc. (NYSE:TISI) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.62 and traded as high as $19.65. Team shares last traded at $19.13, with a volume of 3,243 shares changing hands.

Wall Street Analysts Forecast Growth

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

Team Stock Performance

The company has a debt-to-equity ratio of 183.33, a current ratio of 1.97 and a quick ratio of 1.72. The stock’s 50-day moving average price is $18.01 and its 200-day moving average price is $18.62. The company has a market cap of $86.08 million, a P/E ratio of -1.64 and a beta of 1.64.

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

Insider Buying and Selling at Team

In related news, major shareholder Corre Partners Management, Llc purchased 3,640 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the completion of the purchase, the insider owned 1,586,368 shares in the company, valued at approximately $30,585,175.04. This represents a 0.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 20,307 shares of company stock valued at $385,344 in the last three months. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Team

Several institutional investors and hedge funds have recently bought and sold shares of the company. 22NW LP grew its stake in Team by 391.1% during the second quarter. 22NW LP now owns 171,090 shares of the business services provider’s stock worth $3,114,000 after buying an additional 136,255 shares in the last quarter. AMH Equity Ltd lifted its holdings in shares of Team by 72.8% during the 2nd quarter. AMH Equity Ltd now owns 80,000 shares of the business services provider’s stock worth $1,456,000 after acquiring an additional 33,693 shares during the period. Northern Trust Corp boosted its position in shares of Team by 52.6% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP bought a new position in Team in the fourth quarter valued at approximately $140,000. Finally, Manatuck Hill Partners LLC raised its position in Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares in the last quarter. 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.