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

Team, Inc. (NYSE:TISI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.45 and traded as high as $22.00. Team shares last traded at $19.86, with a volume of 8,414 shares changing hands.

Analyst Upgrades and Downgrades

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

Team Price Performance

The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The firm has a market cap of $81.57 million, a PE ratio of -1.48 and a beta of 1.78. The firm has a 50-day simple moving average of $20.42 and a 200 day simple moving average of $17.49.

Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. The company had revenue of $198.66 million during the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Hedge Funds Weigh In On Team

Several large investors have recently modified their holdings of the stock. AMH Equity Ltd raised its position in shares of Team by 4.1% in the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider's stock worth $784,000 after purchasing an additional 1,807 shares during the last quarter. JPMorgan Chase & Co. raised its position in Team by 11,511.8% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its stake in Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after acquiring an additional 2,033 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Team during the 4th quarter valued at about $140,000. Finally, Manatuck Hill Partners LLC boosted its holdings in shares of Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after acquiring an additional 11,625 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company's stock.

Team Company Profile

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.