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

Team, Inc. (NYSE:TISI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.20 and traded as high as $18.37. Team shares last traded at $18.03, with a volume of 4,567 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Team from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Team Stock Performance

The stock has a 50-day moving average of $19.37 and a 200-day moving average of $18.22. The firm has a market cap of $79.43 million, a price-to-earnings ratio of -1.56 and a beta of 1.74. The company has a debt-to-equity ratio of 183.33, a quick ratio of 1.65 and a current ratio of 1.91.

Team (NYSE:TISI - Get Free Report) last announced its earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. The firm had revenue of $198.66 million during the quarter. Team had a negative net margin of 5.97% and a negative return on equity of 753.94%.

Insider Activity at Team

In other Team news, Director Evan S. Lederman sold 1,650 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.04, for a total transaction of $29,766.00. Following the transaction, the director owned 5,878 shares of the company's stock, valued at $106,039.12. The trade was a 21.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Corre Partners Management, Llc purchased 5,856 shares of the stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of $19.07 per share, for a total transaction of $111,673.92. Following the transaction, the insider directly owned 1,566,989 shares in the company, valued at approximately $29,882,480.23. The trade was a 0.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,776 shares of company stock worth $525,907 in the last ninety days. Insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TISI. Dimensional Fund Advisors LP acquired a new position in shares of Team during the 4th quarter worth approximately $140,000. Geode Capital Management LLC boosted its stake in Team by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after purchasing an additional 2,033 shares during the period. Manatuck Hill Partners LLC boosted its stake in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after purchasing an additional 11,625 shares during the period. Northern Trust Corp boosted its stake in Team by 52.6% in the 4th 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 during the period. Finally, 22NW LP bought a new stake in Team in the 1st quarter valued at $589,000. Institutional investors and hedge funds own 46.57% of the company's stock.

About Team

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.