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

Key Points

• Team, Inc. (NYSE:TISI) saw its share price rise above its 200-day moving average during recent trading, indicating potential upward momentum with a trading peak of $19.99.
• Analysts downgraded Team's rating from a "strong-buy" to a "hold", reflecting concerns about the company's financial performance, which includes a reported EPS of ($0.20).
• Insider trading activity included significant acquisitions by major shareholders, with Corre Partners Management increasing their stake by purchasing 5,856 shares for approximately $111,673.92.

Team, Inc. (NYSE:TISI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.44 and traded as high as $19.99. Team shares last traded at $19.51, with a volume of 21,816 shares changing hands.

Analyst Ratings Changes

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

Team Stock Down 1.6%

The company has a current ratio of 1.97, a quick ratio of 1.72 and a debt-to-equity ratio of 183.33. The firm has a market capitalization of $85.27 million, a price-to-earnings ratio of -1.62 and a beta of 1.86. The stock has a fifty day moving average of $18.14 and a 200-day moving average of $18.49.

Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The business services provider reported ($0.20) EPS for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%. The firm had revenue of $248.03 million for the quarter.

Insiders Place Their Bets

In other Team news, major shareholder Corre Partners Management, Llc purchased 5,856 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of $19.07 per share, for a total transaction of $111,673.92. Following the completion of the acquisition, the insider owned 1,566,989 shares of the company's stock, valued at $29,882,480.23. This represents a 0.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Evan S. Lederman sold 1,650 shares of Team stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $18.04, for a total value of $29,766.00. Following the transaction, the director owned 5,878 shares in the company, valued at $106,039.12. This represents a 21.92% decrease in their position. The disclosure for this sale can be found here. Insiders have bought 27,776 shares of company stock worth $525,907 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AMH Equity Ltd boosted its stake in shares of Team by 4.1% during the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider's stock worth $784,000 after acquiring an additional 1,807 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after purchasing an additional 1,957 shares during the period. Geode Capital Management LLC boosted its position in shares of Team by 4.8% in the fourth 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. Manatuck Hill Partners LLC boosted its position in shares of Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock valued at $1,312,000 after acquiring an additional 10,000 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Team in the fourth quarter valued at approximately $140,000. 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.