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

Team logo with Construction background

Key Points

  • Team, Inc. (NYSE:TISI) recently traded above its 200-day moving average of $18.67, reaching a high of $19.75 during trading.
  • Wall Street Zen downgraded Team's rating from "strong-buy" to "hold" on May 22nd.
  • The company reported a quarterly loss with an EPS of ($0.20) and a negative net margin of 6.01%.
  • MarketBeat previews the top five stocks to own by October 1st.

Team, Inc. (NYSE:TISI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.67 and traded as high as $19.75. Team shares last traded at $19.01, with a volume of 1,930 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Team from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

View Our Latest Stock Report on Team

Team Stock Performance

The company has a debt-to-equity ratio of 183.33, a quick ratio of 1.72 and a current ratio of 1.97. The business's fifty day simple moving average is $18.12 and its 200-day simple moving average is $18.67. The firm has a market capitalization of $85.55 million, a PE ratio of -1.63 and a beta of 1.64.

Team (NYSE:TISI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%. The company had revenue of $248.03 million for the quarter.

Institutional Investors Weigh In On Team

A number of institutional investors have recently added to or reduced their stakes in TISI. Dimensional Fund Advisors LP purchased a new position in shares of Team in the fourth quarter valued at $140,000. Northern Trust Corp grew its holdings in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after purchasing an additional 12,400 shares in the last quarter. 22NW LP purchased a new position in shares of Team in the first quarter valued at $589,000. AMH Equity Ltd grew its holdings in shares of Team by 4.1% in the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider's stock valued at $784,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in shares of Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock valued at $1,312,000 after purchasing an additional 10,000 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

About Team

(Get Free Report)

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.

Further Reading

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