Team (NYSE:TISI) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Team, Inc. (NYSE:TISI)’s share price crossed 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 traded.

Analysts Set New Price Targets

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

Team Stock Down 5.8 %

The firm has a market cap of $76.87 million, a price-to-earnings ratio of -1.39 and a beta of 1.85. The business’s 50-day moving average is $16.12 and its 200-day moving average is $16.25. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Institutional Trading of Team

Several hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Team by 7.3% in the 3rd 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 in the last quarter. Manatuck Hill Partners LLC raised its position in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 11,625 shares during the last quarter. Geode Capital Management LLC boosted its stake in Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after purchasing an additional 2,033 shares in the last quarter. Northern Trust Corp boosted its stake in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Team during the fourth quarter worth $140,000. Institutional investors and hedge funds 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.