Team (NYSE:TISI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Team, Inc. (NYSE:TISI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.60 and traded as high as $16.66. Team shares last traded at $16.36, with a volume of 1,746 shares trading hands.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Team Trading Down 1.4%

The company has a market cap of $74.77 million, a price-to-earnings ratio of -1.99 and a beta of 1.03. The company’s 50 day moving average price is $16.73 and its 200 day moving average price is $15.60.

Team (NYSE:TISI) last issued its quarterly earnings results 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 firm had revenue of $215.06 million for the quarter, compared to analyst estimates of $208.88 million.

Insider Buying and Selling

In other Team news, CEO Gary L. Hill acquired 6,250 shares of the stock in a transaction on Monday, June 1st. The shares were bought at an average price of $16.00 per share, with a total value of $100,000.00. Following the acquisition, the chief executive officer owned 51,687 shares of the company’s stock, valued at $826,992. This trade represents a 13.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 12,650 shares of company stock valued at $203,862 in the last three months. 8.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Team

Large investors have recently modified their holdings of the business. IES Holdings Inc. purchased a new position in shares of Team during the 4th quarter worth approximately $1,060,000. DG Capital Management LLC purchased a new stake in shares of Team in the fourth quarter valued at approximately $913,000. Corre Partners Management LLC boosted its stake in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after buying an additional 17,030 shares in the last quarter. Barclays PLC grew its holdings in Team by 4.8% during the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 14,238 shares during the period. Finally, DRW Securities LLC acquired a new position in Team during the fourth quarter worth $168,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

Team Company Profile

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.