Team, Inc. (NYSE:TISI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.43 and traded as high as $15.79. Team shares last traded at $15.16, with a volume of 14,382 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Team in a research report on Saturday, August 10th. They set a “strong-buy” rating on the stock.
Read Our Latest Analysis on TISI
Team Price Performance
Team (NYSE:TISI – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $228.62 million for the quarter. Team had a negative return on equity of 98.59% and a negative net margin of 6.50%.
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 – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.30% of Team at the end of the most recent quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.
About Team
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.
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