Team (NYSE:TISI) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Team shares moved above their 200-day moving average of $19.02, reaching $20.66 before last trading at $19.98; the stock was reported up 6.0%.
• The company reported quarterly EPS of -$1.73, beating analysts’ estimate of -$5.94, and revenue of $228.68 million versus expectations of $208.88 million.
• Analyst sentiment remains negative: MarketBeat data showed a consensus “Sell” rating. Insiders bought 23,500 shares worth $575,750 over the prior 90 days.

Team, Inc. (NYSE:TISI - Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $19.02 and traded as high as $20.66. Team shares last traded at $19.98, with a volume of 27,816 shares.

Analyst Upgrades and Downgrades

TISI has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Team in a report on Thursday, October 15th. Wall Street Zen upgraded Team to a "hold" rating in a report on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Team Trading Up 6.0%

The company has a market capitalization of $91.51 million, a P/E ratio of -2.12 and a beta of 1.15. The firm's 50 day moving average price is $25.71 and its two-hundred day moving average price is $19.02.

Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share (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.

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 stock was acquired at an average price of $22.89 per share, with a total value of $206,010.00. Following the completion of the transaction, the chief financial officer owned 9,000 shares in the company, valued at approximately $206,010. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 price of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the purchase, 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 position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 23,500 shares of company stock valued at $575,750. 8.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Team

A hedge fund recently raised its stake in Team stock. Dimensional Fund Advisors LP boosted its stake in shares of Team, Inc. (NYSE:TISI - Free Report) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,952 shares of the business services provider's stock after purchasing an additional 893 shares during the period. Dimensional Fund Advisors LP owned 0.33% of Team worth $238,000 as of its most recent filing with the SEC. 46.57% of the stock is currently owned by institutional investors.

About Team

Team, Inc. is an industrial services company that provides asset integrity management, inspection, maintenance, and repair services for customers with complex industrial infrastructure. Its work supports the safe and reliable operation of facilities and equipment in industries such as energy, petrochemicals, refining, power generation, and other process-based sectors. The company's services include nondestructive testing and examination, mechanical integrity assessment, engineering and consulting, heat treatment, rope access, leak detection and repair, field machining, and specialized repair and maintenance.

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