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

Team, Inc. (NYSE:TISI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.20 and traded as high as $18.26. Team shares last traded at $17.12, with a volume of 8,252 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Team from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Team Trading Down 5.8 %

The company has a 50-day simple moving average of $16.12 and a 200-day simple moving average of $16.20. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. The stock has a market cap of $76.87 million, a P/E ratio of -1.39 and a beta of 1.85.

Hedge Funds Weigh In On Team

Several institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in shares of Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after acquiring an additional 18,733 shares during the last quarter. Northern Trust Corp raised its position in shares of Team by 52.6% during the fourth 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 last quarter. Manatuck Hill Partners LLC raised its position in shares of 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 last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Team during the fourth quarter worth $140,000. Finally, Geode Capital Management LLC raised its position in shares of Team by 10.3% during the third 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 last quarter. 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.