Team (NYSE:TISI) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.24 and traded as high as $18.50. Team shares last traded at $17.50, with a volume of 8,891 shares.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: Recent earnings showed Team, Inc. beat analyst expectations on both EPS and revenue, which suggests the business is outperforming prior estimates and could support the stock over time.
• Neutral Sentiment: The article stream includes several unrelated “team”/staffing/leadership items across other companies, but nothing that appears to be a direct catalyst for Team, Inc. stock.
• Neutral Sentiment: With no new press release, contract announcement, or guidance update from Team, Inc. in the last 24–36 hours, traders may be rotating based on technical factors rather than fundamentals.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Team Stock Down 0.4%

The firm’s fifty day moving average price is $16.59 and its two-hundred day moving average price is $15.24. The stock has a market capitalization of $79.98 million, a PE ratio of -2.13 and a beta of 1.03.

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

Insiders Place Their Bets

In other news, Director Edward J. Stenger acquired 3,583 shares of Team stock in a transaction that occurred on Tuesday, March 24th. The stock was bought at an average price of $16.31 per share, for a total transaction of $58,438.73. Following the completion of the transaction, the director owned 14,890 shares in the company, valued at $242,855.90. The trade was a 31.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary L. Hill acquired 6,250 shares of Team stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $16.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer owned 51,687 shares of the company’s stock, valued at $826,992. The trade was a 13.76% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 17,650 shares of company stock valued at $283,853. 8.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Team by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after purchasing an additional 893 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Team by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock worth $2,695,000 after purchasing an additional 2,667 shares in the last quarter. Manatuck Hill Partners LLC increased its stake in shares of Team by 16.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Team by 3.5% in the 3rd quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock worth $4,966,000 after purchasing an additional 10,014 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors.

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.