Team (NYSE:TISI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Team, Inc. (NYSE:TISI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.92 and traded as high as $19.37. Team shares last traded at $18.09, with a volume of 73,949 shares changing hands.

Analyst Upgrades and Downgrades

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

Team Stock Up 0.6 %

The firm’s 50-day moving average price is $18.17 and its 200-day moving average price is $11.92. The company has a debt-to-equity ratio of 13.11, a current ratio of 1.82 and a quick ratio of 1.59. The company has a market cap of $79.96 million, a price-to-earnings ratio of -1.44 and a beta of 1.83.

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

Institutional Investors Weigh In On Team

A hedge fund recently bought a new stake in Team stock. Renaissance Technologies LLC bought a new stake in Team, Inc. (NYSE:TISI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.30% of Team as of its most recent filing with the SEC. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.