Team (NYSE:TISI) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Team shares crossed above their 200-day moving average, reaching $25.25 before trading at $24.75. The stock’s 200-day average is $16.99, while its 50-day average is $18.95.
• The company’s latest quarterly results beat expectations, with a loss of $1.73 per share versus the estimated $5.94 loss and revenue of $228.68 million compared with the $208.88 million forecast.
• Insiders bought 15,500 shares worth $355,030 during the last quarter, but analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (D-)” rating, and Team has a consensus “Sell” rating.

Team, Inc. (NYSE:TISI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.99 and traded as high as $25.25. Team shares last traded at $24.75, with a volume of 13,633 shares.

Team News Summary

Here are the key news stories impacting Team this week:

• Neutral Sentiment: The recent coverage concerns unrelated companies and assets, including aerospace and defense events, mining ventures, executive appointments, cryptocurrency transfers, and technology partnerships. None of the reports directly involves Team, Inc. or changes its outlook. Recent unrelated market news
• Positive Sentiment: The previously reported quarterly results may continue to support sentiment: Team exceeded analyst expectations on both earnings and revenue, reporting a loss of $1.73 per share versus the expected loss of $5.94 and revenue of $228.68 million versus estimates of $208.88 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Team presently has a consensus rating of "Sell".

Team Stock Up 0.4%

The stock has a fifty day moving average of $18.95 and a two-hundred day moving average of $16.99. The stock has a market cap of $113.36 million, a price-to-earnings ratio of -2.63 and a beta of 1.14.

Team (NYSE:TISI - Get Free Report) last released its earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, beating analysts' consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.

Insider Activity

In related news, CFO Clinton William Roeder acquired 9,000 shares of Team stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $22.89 per share, for a total transaction of $206,010.00. Following the completion of the purchase, the chief financial officer directly owned 9,000 shares of the company's stock, valued at approximately $206,010. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony R. Horton acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $22.90 per share, for a total transaction of $45,800.00. Following the acquisition, the director owned 28,082 shares of the company's stock, valued at $643,077.80. This represents a 7.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 15,500 shares of company stock valued at $355,030 in the last quarter. Company insiders own 8.80% of the company's stock.

Institutional Investors Weigh In On Team

Institutional investors have recently modified their holdings of the company. Corre Partners Management LLC grew its holdings in shares of Team by 1.1% in the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider's stock worth $22,669,000 after acquiring an additional 17,030 shares during the period. Barclays PLC increased its stake in Team by 4.8% in the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider's stock valued at $4,434,000 after purchasing an additional 14,238 shares in the last quarter. Vanguard Group Inc. raised its holdings in Team by 1.7% during the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider's stock worth $2,695,000 after purchasing an additional 2,667 shares during the last quarter. IES Holdings Inc. acquired a new position in Team during the fourth quarter worth $1,060,000. Finally, Manatuck Hill Partners LLC raised its holdings 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 worth $1,312,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company's stock.

About Team

Team, Inc NYSE: TISI designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company's solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team's product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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