Team (NYSE:TISI) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Team, Inc. (NYSE:TISI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $19.74 and traded as high as $26.78. Team shares last traded at $24.83, with a volume of 36,215 shares changing hands.

Team News Summary

Here are the key news stories impacting Team this week:

• Neutral Sentiment: Ripple’s partnership with Stripe-owned Privy will expand wallet and payment capabilities on the XRP Ledger, but it has no apparent connection to Team, Inc. or its industrial-services business. Ripple Teams With Stripe-Owned Privy to Bring Wallet Tech to XRP Ledger
• Neutral Sentiment: Other articles discuss unrelated companies, including OceanPal, NorthIsle Copper and Gold, Truecaller, Pioneer Minerals, and various public-sector and real-estate organizations. None provides an operational, financial, or management update for TISI.

Analyst Ratings Changes

TISI has been the subject of a number of research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Team in a research report on Friday, July 17th. Wall Street Zen raised Team to a "hold" rating in a report on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Team has a consensus rating of "Sell".

Team Stock Performance

The stock has a market cap of $113.72 million, a PE ratio of -2.64 and a beta of 0.98. The stock has a fifty day moving average price of $25.27 and a 200 day moving average price of $19.74.

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

Insider Buying and Selling at Team

In other news, Director Anthony Horton acquired 2,000 shares of the business's stock in a transaction on Monday, August 24th. The shares were acquired at an average price of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares of the company's stock, valued at approximately $643,077.80. The trade was a 7.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Clinton Roeder acquired 9,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were purchased 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 of the company's stock, valued at approximately $206,010. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 23,500 shares of company stock valued at $575,750 over the last ninety days. 8.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Team

An institutional investor recently raised its stake in Team stock. Dimensional Fund Advisors LP raised its position in Team, Inc. (NYSE:TISI - Free Report) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 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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