Team (NYSE:TISI) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Team shares crossed above their 200-day moving average of $17.97, reaching $27.75 and last trading at $27.09 on volume of 30,118 shares.
• The company’s latest quarterly results exceeded expectations, with adjusted EPS of $(1.73) versus the $(5.94) consensus estimate and revenue of $228.68 million versus estimates of $208.88 million.
• Despite the recent momentum, Weiss Ratings maintained a “Sell (D-)” rating and the stock has an average “Sell” rating. Company insiders bought 23,500 shares worth $575,750 during the last quarter.

Shares of Team, Inc. (NYSE:TISI - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.97 and traded as high as $27.75. Team shares last traded at $27.09, with a volume of 30,118 shares changing hands.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: The stock’s recent momentum may be supported by its latest reported results: Team exceeded analysts’ earnings expectations and generated revenue above consensus estimates. Shares are also trading well above their 50-day and 200-day moving averages, which may attract momentum-oriented investors.
• Neutral Sentiment: An article about Team Internet Group concerns a different company and ticker, Team Internet Group (GB:TIG), and should not be interpreted as news affecting Team, Inc. Team Internet Earnings Call Highlights Turnaround Momentum
• Neutral Sentiment: The other articles concern unrelated companies, commodities, politics, healthcare, mining, energy and general business topics. They do not provide a disclosed operational, financial or regulatory update for Team, Inc.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Team Stock Performance

The stock has a market cap of $124.07 million, a PE ratio of -2.88 and a beta of 1.14. The firm has a 50-day moving average price of $21.09 and a 200-day moving average price of $17.97.

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

Insider Buying and Selling

In other news, Director Anthony R. Horton acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of $22.90 per share, for a total transaction of $45,800.00. Following the acquisition, the director directly owned 28,082 shares in the company, valued at approximately $643,077.80. The trade was a 7.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Clinton Roeder acquired 8,000 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was purchased at an average price of $27.59 per share, with a total value of $220,720.00. Following the completion of the acquisition, the chief financial officer owned 17,000 shares in the company, valued at $469,030. The trade was a 88.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 23,500 shares of company stock worth $575,750. Corporate insiders own 8.80% of the company's stock.

Institutional Trading of Team

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

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company's services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.

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