Team (NYSE:TISI) Share Price Passes Above Two Hundred Day Moving Average of $9.00

Team, Inc. (NYSE:TISI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.00 and traded as high as $15.01. Team shares last traded at $14.92, with a volume of 9,552 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Team in a research note on Saturday, August 10th. They issued a “strong-buy” rating for the company.

Team Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.59 and a debt-to-equity ratio of 13.11. The firm has a market capitalization of $65.87 million, a price-to-earnings ratio of -0.96 and a beta of 1.87. The company’s 50 day moving average is $11.97 and its 200-day moving average is $9.00.

Team (NYSE:TISI) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.45) earnings per share (EPS) for the quarter. The business had revenue of $228.62 million during the quarter. Team had a negative net margin of 6.50% and a negative return on equity of 98.59%.

Institutional Trading of Team

A hedge fund recently bought a new stake in Team stock. Renaissance Technologies LLC purchased a new position in shares of Team, Inc. (NYSE:TISI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.30% of Team at the end of the most recent quarter. 46.57% of the stock is currently owned by institutional investors.

Team Company Profile

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.