Team (NYSE:TISI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Team, Inc. (NYSE:TISI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.82 and traded as high as $17.53. Team shares last traded at $16.86, with a volume of 38,614 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Team from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd.

Team Stock Performance

The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The stock has a market cap of $65.55 million, a price-to-earnings ratio of -1.19 and a beta of 1.91. The stock’s 50-day moving average is $16.29 and its 200 day moving average is $16.79.

Team (NYSE:TISI) last announced its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) EPS for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The firm had revenue of $213.30 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TISI. Barclays PLC increased its stake in shares of Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Geode Capital Management LLC grew its stake in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3,973 shares during the period. JPMorgan Chase & Co. grew its stake in Team by 11,511.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,957 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Team in the 4th quarter worth approximately $140,000. Finally, Northern Trust Corp grew its stake in Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after acquiring an additional 12,400 shares during the period. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.