Team (NYSE:TISI) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Team, Inc. (NYSE:TISI)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.45 and traded as high as $15.50. Team shares last traded at $15.50, with a volume of 17,086 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Team from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 30th.

Team Price Performance

The company has a 50-day moving average of $16.11 and a 200 day moving average of $14.45. The firm has a market cap of $69.52 million, a P/E ratio of -1.26 and a beta of 1.83. 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 Investors Weigh In On Team

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its holdings 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 purchasing an additional 18,733 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Team by 10.3% in the third 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. Finally, Renaissance Technologies LLC acquired a new position in shares of Team in the 2nd quarter worth approximately $118,000. 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.