Team (NYSE:TISI) Shares Cross Above 200 Day Moving Average of $9.43

Shares of Team, Inc. (NYSE:TISI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.43 and traded as high as $15.79. Team shares last traded at $15.16, with a volume of 14,382 shares changing hands.

Wall Street Analysts Forecast Growth

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

Team Stock Performance

The firm has a market cap of $66.99 million, a price-to-earnings ratio of -0.98 and a beta of 1.87. The stock’s 50 day moving average is $12.61 and its 200 day moving average is $9.43. The company has a current ratio of 1.82, a quick ratio of 1.59 and a debt-to-equity ratio of 13.11.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Team stock. Renaissance Technologies LLC bought a new position in shares of Team, Inc. (NYSE:TISI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 SEC filing. 46.57% of the stock is owned by institutional investors.

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.