Team (NYSE:TISI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Team, Inc. (NYSE:TISI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.19 and traded as high as $16.41. Team shares last traded at $15.87, with a volume of 7,581 shares trading hands.

Team News Summary

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team, Inc. previously reported quarterly results that beat expectations, with a smaller-than-expected loss and revenue above consensus, which can help support investor confidence in the turnaround story. Team, Inc. Reports Second Quarter 2024 Results
• Neutral Sentiment: Recent article traffic has included a continued listing standard notice from the NYSE, which is an overhang investors may still be watching, but the item itself does not appear to be a fresh new development in the last day. Team, Inc. Receives Continued Listing Standard Notice From NYSE

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Team has an average rating of “Sell”.

Team Trading Down 1.6%

The firm has a market capitalization of $72.53 million, a price-to-earnings ratio of -1.93 and a beta of 1.09. The business has a 50-day moving average price of $16.32 and a two-hundred day moving average price of $15.19.

Team (NYSE:TISI) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.94) by $3.18. The business had revenue of $215.06 million during the quarter, compared to the consensus estimate of $208.88 million.

Insider Buying and Selling

In other Team news, CEO Gary L. Hill acquired 5,800 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $16.22 per share, with a total value of $94,076.00. Following the acquisition, the chief executive officer directly owned 45,437 shares of the company’s stock, valued at $736,988.14. This represents a 14.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward J. Stenger acquired 3,583 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of $16.31 per share, with a total value of $58,438.73. Following the completion of the acquisition, the director directly owned 14,890 shares in the company, valued at approximately $242,855.90. This represents a 31.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 11,400 shares of company stock valued at $183,853 over the last three months. Corporate insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Team

Several hedge funds have recently modified their holdings of the company. Corre Partners Management LLC increased its position in shares of Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after purchasing an additional 17,030 shares during the period. Barclays PLC increased its position in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 14,238 shares during the period. Vanguard Group Inc. increased its position in shares of Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after purchasing an additional 2,667 shares during the period. IES Holdings Inc. acquired a new position in shares of Team during the 4th quarter valued at $1,060,000. Finally, Manatuck Hill Partners LLC increased its position in shares of Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

About Team

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.