Team (NYSE:TISI) Shares Cross Above 200-Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.34 and traded as high as $17.00. Team shares last traded at $17.00, with a volume of 2,065 shares changing hands.

Team News Summary

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No recent announcement for Team, Inc. was included in the feed, so there is no obvious earnings, guidance, contract, or financing news to explain the move.
• Neutral Sentiment: The stock may be following broader market interest in “team”/business-services headlines, but the listed articles are about other companies and topics, not TISI.
• Positive Sentiment: Team, Inc. recently reported quarterly results that beat expectations on both earnings and revenue, which may continue to support sentiment even without new headlines. TISI stock and earnings background

Analyst Ratings Changes

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

Team Price Performance

The company has a 50-day moving average of $16.70 and a two-hundred day moving average of $15.34. The company has a market capitalization of $77.69 million, a PE ratio of -2.07 and a beta of 1.03.

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

Insider Buying and Selling at Team

In other Team news, CEO Gary L. Hill purchased 6,250 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of $16.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief executive officer directly owned 51,687 shares in the company, valued at $826,992. The trade was a 13.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward J. Stenger purchased 3,583 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $16.31 per share, for a total transaction of $58,438.73. Following the completion of the acquisition, the director owned 14,890 shares of the company’s stock, valued at approximately $242,855.90. This trade represents a 31.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 17,650 shares of company stock valued at $283,853 in the last ninety days. 8.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Team

Hedge funds have recently made changes to their positions in the business. Corre Partners Management LLC raised its stake in 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 lifted its holdings in Team by 4.8% in the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after purchasing an additional 14,238 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 during the period. IES Holdings Inc. bought a new position in Team in the 4th quarter worth approximately $1,060,000. Finally, Manatuck Hill Partners LLC grew its holdings in 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 buying an additional 10,000 shares in the last quarter. Institutional investors own 46.57% of the company’s stock.

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.