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

Key Points

• Shares of Team, Inc. crossed above its 200‑day moving average of $14.96, trading as high as $17.74 and last at $17.25 on a volume of 10,168 shares.
• Analyst and financial signals remain weak — Weiss Ratings reaffirmed a Sell (D-), the consensus rating is Sell, and the company reported a loss of ($1.21) per share last quarter with a negative PE of -1.47 and a market cap of about $78.8 million.
• Insider and institutional activity: Director Edward J. Stenger bought 3,583 shares at $16.31 (a 31.69% increase in his position); insiders own 3.70% and institutional investors hold roughly 46.57% with several funds recently initiating or adding positions.

Shares of Team, Inc. (NYSE:TISI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.96 and traded as high as $17.74. Team shares last traded at $17.25, with a volume of 10,168 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Team in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Team Stock Performance

The firm has a 50 day moving average of $15.44 and a 200-day moving average of $14.96. The stock has a market capitalization of $78.83 million, a PE ratio of -1.47 and a beta of 1.02.

Team (NYSE:TISI - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The business services provider reported ($1.21) earnings per share (EPS) for the quarter. The company had revenue of $224.83 million during the quarter.

Insider Transactions at Team

In other news, Director Edward J. Stenger bought 3,583 shares of the company's stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of $16.31 per share, with a total value of $58,438.73. Following the transaction, the director directly owned 14,890 shares in the company, valued at approximately $242,855.90. This trade represents a 31.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Team in the 3rd quarter worth about $188,000. DRW Securities LLC acquired a new position in Team in the 4th quarter worth about $168,000. Dimensional Fund Advisors LP increased its position in Team by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider's stock worth $250,000 after purchasing an additional 1,204 shares during the last quarter. Susquehanna International Group LLP increased its position in Team by 5.1% in the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider's stock worth $286,000 after purchasing an additional 834 shares during the last quarter. Finally, DG Capital Management LLC acquired a new position in Team in the 4th quarter worth about $913,000. 46.57% of the stock is owned by institutional investors and hedge funds.

Team Company Profile

Team, Inc NYSE: TISI designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company's solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team's product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.

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