Team (NYSE:TISI) Stock Crosses Above Two Hundred Day Moving Average of $7.88

Team, Inc. (NYSE:TISI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.88 and traded as high as $13.35. Team shares last traded at $13.31, with a volume of 33,668 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Team in a report on Saturday, August 10th. They set a “strong-buy” rating for the company.

Team Stock Up 12.2 %

The stock has a market cap of $58.83 million, a P/E ratio of -0.86 and a beta of 1.84. The company’s 50 day moving average price is $9.43 and its two-hundred day moving average price is $7.88. The company has a quick ratio of 1.59, a current ratio of 1.82 and a debt-to-equity ratio of 13.11.

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

Insiders Place Their Bets

In other Team news, major shareholder Corre Partners Management, Llc bought 4,000 shares of Team stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $8.29 per share, with a total value of $33,160.00. Following the transaction, the insider now directly owns 1,559,520 shares of the company’s stock, valued at approximately $12,928,420.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Team

An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC bought a new position in shares of Team, Inc. (NYSE:TISI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. 46.57% of the stock is 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.