Team (NYSE:TISI) Shares Break Above 200-Day Moving Average - What's Next?

Key Points

• Team shares broke above their 200-day moving average, reaching $24.75 and last trading at $24.20 versus the $20.09 long-term average. The move occurred on 28,774 shares of volume, but no company announcement confirmed a fundamental catalyst.
• Team’s latest quarterly results exceeded expectations, with a loss of $1.73 per share versus the forecasted $5.94 loss and revenue of $228.68 million compared with the $208.88 million consensus estimate.
• Analyst sentiment remains negative: Team has a consensus “Sell” rating, while insiders purchased 23,500 shares worth $575,750 in the latest quarter and institutional investors own 46.57% of the stock.

Team, Inc. (NYSE:TISI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $20.09 and traded as high as $24.75. Team shares last traded at $24.20, with a volume of 28,774 shares trading hands.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: The listed articles focus on unrelated companies and topics, including NFL ownership discussions, cryptocurrency projects, mining companies, Nokia, Walmart, and Meta. None appears likely to have a direct impact on Team, Inc.’s valuation.
• Neutral Sentiment: Trading volume was above Team’s recent average, but without a corresponding company announcement, the move may reflect short-term trading activity rather than a confirmed change in business fundamentals.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TISI. Weiss Ratings reiterated a "sell (d-)" rating on shares of Team in a report on Thursday, October 15th. Wall Street Zen raised Team to a "hold" rating in a report on Saturday, September 19th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Team presently has a consensus rating of "Sell".

Team Price Performance

The stock has a market capitalization of $110.91 million, a PE ratio of -2.57 and a beta of 0.98. The firm's 50 day simple moving average is $25.91 and its 200 day simple moving average is $20.09.

Team (NYSE:TISI - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, topping analysts' consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to the consensus estimate of $208.88 million.

Insiders Place Their Bets

In other Team news, CFO Clinton Roeder bought 9,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $22.89 per share, for a total transaction of $206,010.00. Following the transaction, the chief financial officer directly owned 9,000 shares in the company, valued at $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 at the SEC website. Also, Director Anthony Horton purchased 2,000 shares of the stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $22.90 per share, with a total value of $45,800.00. Following the completion of the purchase, the director directly owned 28,082 shares of the company's stock, valued at $643,077.80. The trade was a 7.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 23,500 shares of company stock worth $575,750. 8.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Team stock. Dimensional Fund Advisors LP increased its stake in Team, Inc. (NYSE:TISI - Free Report) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,952 shares of the business services provider's stock after acquiring an additional 893 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of Team worth $238,000 as of its most recent SEC filing. 46.57% of the stock is currently owned by institutional investors.

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, engineering and specialized technical services for critical infrastructure. Its customers include operators in the energy, petrochemical, refining, chemical processing, power generation and other industrial markets.

The company's services are designed to help customers assess asset condition, improve reliability and maintain compliance with safety and operating requirements. Its offerings have included nondestructive testing and inspection, mechanical integrity services, heat treatment, turnaround and maintenance support, rope access, engineering and other field-based services for piping, pressure vessels, storage tanks and related equipment.

Founded in 1973, Team has served industrial customers through operations in North America and other international markets.

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