Team (NYSE:TISI) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Team shares broke above the 200-day moving average, trading as high as $29.35 and closing near $28.58, close to the 52-week high of $29.57. The move reflects strong recent technical momentum despite no new corporate catalyst.
• The company’s latest quarter significantly exceeded expectations, with revenue of $228.7 million and an adjusted loss of $1.73 per share versus the consensus estimate of a $5.94 loss.
• Analyst sentiment remains cautious: Team has a consensus “Sell” rating, although insiders purchased 23,500 shares worth $575,750 over the last quarter, and institutional investors own 46.57% of the stock.

Team, Inc. (NYSE:TISI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $19.25 and traded as high as $29.35. Team shares last traded at $28.58, with a volume of 27,276 shares traded.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: The company’s latest reported quarter provided a favorable backdrop: Team posted revenue of $228.7 million and adjusted its loss to $1.73 per share, significantly better than the consensus estimate of a $5.94 loss. However, that earnings report was previously announced and is not a new catalyst in the current session.
• Neutral Sentiment: The stock remains near its 52-week high of $29.57 and trades above both its 50-day and 200-day moving averages, indicating strong recent momentum. With no fresh corporate announcement, trading may be influenced more by momentum, liquidity and technical factors.
• Neutral Sentiment: The other supplied articles concern unrelated companies, including Uniti Group, AGCO, Snap-on and several mining and international businesses, so they do not provide a direct explanation for Team’s share-price activity.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TISI shares. Wall Street Zen upgraded shares of Team to a "hold" rating in a research note on Saturday, September 19th. 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 data from MarketBeat, the stock presently has a consensus rating of "Sell".

Team Stock Down 1.1%

The company has a market capitalization of $130.90 million, a P/E ratio of -3.03 and a beta of 0.98. The stock has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $19.25.

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 for the quarter, topping the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to analyst estimates of $208.88 million.

Insider Buying and Selling

In other news, Director Anthony R. Horton purchased 2,000 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Clinton Roeder acquired 9,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was purchased 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 of the company's stock, valued at approximately $206,010. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 23,500 shares of company stock worth $575,750 over the last quarter. 8.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Team stock. Dimensional Fund Advisors LP raised its holdings in Team, Inc. (NYSE:TISI - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,952 shares of the business services provider's stock after acquiring an additional 893 shares during the quarter. 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 owned by hedge funds and other 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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