Team (NYSE:TISI) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Team, Inc. (NYSE:TISI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.84 and traded as high as $17.75. Team shares last traded at $16.88, with a volume of 15,312 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Team from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 24th.

Team Stock Performance

The company’s fifty day simple moving average is $16.49 and its two-hundred day simple moving average is $16.85. The company has a market capitalization of $80.74 million, a price-to-earnings ratio of -1.46 and a beta of 1.91. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Team (NYSE:TISI) last announced its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share 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 Investors Weigh In On Team

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,957 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Team in the 4th quarter valued at about $140,000. Northern Trust Corp boosted its holdings in shares of Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the period. Geode Capital Management LLC grew its position in shares of Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the last quarter. Finally, Manatuck Hill Partners LLC raised its stake in Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after acquiring an additional 11,625 shares during the period. 46.57% of the stock is owned by institutional investors and hedge funds.

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.