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

Team, Inc. (NYSE:TISI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.71 and traded as high as $16.60. Team shares last traded at $16.60, with a volume of 12,041 shares changing hands.

Key Headlines Impacting Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No material Team, Inc. company-specific news was included in the provided articles, so there is no clear fresh catalyst from today’s headlines.
• Neutral Sentiment: Recent operational results have been better than expected, with the company topping consensus revenue and earnings estimates in its latest quarterly report, which may continue to support sentiment.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a research report on Friday. 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 Trading Up 4.5%

The firm has a market cap of $75.86 million, a PE ratio of -2.02 and a beta of 1.03. The stock has a fifty day simple moving average of $16.70 and a two-hundred day simple moving average of $15.71.

Team (NYSE:TISI) last announced its quarterly earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $3.18. The company had revenue of $215.06 million for the quarter, compared to the consensus estimate of $208.88 million.

Insider Buying and Selling

In other news, CEO Gary L. Hill acquired 6,250 shares of Team stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $16.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief executive officer owned 51,687 shares in the company, valued at approximately $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 this link. Insiders have purchased a total of 12,650 shares of company stock worth $203,862 over the last three months. 8.80% of the stock is currently owned by insiders.

Institutional Trading of Team

Several institutional investors and hedge funds have recently bought and sold shares of TISI. Corre Partners Management LLC boosted its holdings in Team by 1.1% in 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 holdings in shares of Team by 4.8% in the fourth 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 during the period. Vanguard Group Inc. increased its holdings in shares of Team by 1.7% in the third 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. purchased a new stake in shares of Team in the fourth quarter worth $1,060,000. Finally, Manatuck Hill Partners LLC raised 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 worth $1,312,000 after buying an additional 10,000 shares in the last quarter. 46.57% of the stock is currently owned by hedge funds and other 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.