Team (NYSE:TISI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Team, Inc. (NYSE:TISI - Get Free Report) crossed 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.

Analyst Upgrades and Downgrades

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

Team Trading Down 2.8%

The firm's 50-day simple moving average is $19.32 and its 200-day simple moving average is $18.24. The company has a quick ratio of 1.65, a current ratio of 1.91 and a debt-to-equity ratio of 183.33. The firm has a market capitalization of $77.68 million, a PE ratio of -1.52 and a beta of 1.74.

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

Insider Transactions at Team

In other news, major shareholder Corre Partners Management, Llc bought 3,640 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $19.28 per share, for a total transaction of $70,179.20. Following the completion of the acquisition, the insider owned 1,586,368 shares in the company, valued at approximately $30,585,175.04. This trade represents a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Evan S. Lederman sold 1,650 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $18.04, for a total transaction of $29,766.00. Following the sale, the director owned 5,878 shares of the company's stock, valued at approximately $106,039.12. This represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 27,776 shares of company stock valued at $525,907. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Team

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock worth $25,000 after buying an additional 1,957 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Team in the fourth quarter worth about $140,000. Northern Trust Corp increased its stake in shares of Team by 52.6% during 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. Geode Capital Management LLC increased its stake in shares of Team by 4.8% during the fourth 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 in the last quarter. Finally, 22NW LP bought a new position in shares of Team during the first quarter valued at approximately $589,000. 46.57% of the stock is owned by institutional investors.

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.