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

Team, Inc. (NYSE:TISI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.44 and traded as high as $22.55. Team shares last traded at $22.06, with a volume of 27,014 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Team from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 24th.

Team Trading Down 7.0 %

The stock has a 50-day moving average of $18.21 and a two-hundred day moving average of $17.38. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. The company has a market cap of $91.97 million, a P/E ratio of -1.67 and a beta of 1.60.

Team (NYSE:TISI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The business had revenue of $213.30 million during the quarter.

Hedge Funds Weigh In On Team

Several large investors have recently modified their holdings of the stock. Manatuck Hill Partners LLC grew 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 worth $787,000 after acquiring an additional 11,625 shares in the last quarter. Northern Trust Corp increased its position 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 worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Team in the fourth quarter valued at about $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 worth $564,000 after purchasing an additional 2,033 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after buying an additional 1,957 shares during the last quarter. 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.