Team (NYSE:TISI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Team, Inc. (NYSE:TISI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.82 and traded as high as $14.97. Team shares last traded at $14.54, with a volume of 20,408 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 Wednesday, November 20th.

Team Trading Down 3.1 %

The firm has a market cap of $65.21 million, a price-to-earnings ratio of -1.18 and a beta of 1.78. The company’s 50-day moving average price is $18.10 and its 200-day moving average price is $13.82. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Hedge Funds Weigh In On Team

Several hedge funds and other institutional investors have recently made changes to their positions in TISI. Renaissance Technologies LLC acquired a new stake in shares of Team in the second quarter valued at about $118,000. Barclays PLC grew its stake in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after acquiring an additional 18,733 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 valued at $647,000 after acquiring an additional 3,973 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.