Team, Inc. (NYSE:TISI – Get Rating)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.99 and traded as high as $10.33. Team shares last traded at $9.51, with a volume of 95,385 shares.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Team in a research note on Wednesday, October 12th. They issued a "hold" rating for the company.
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Team Stock Performance
The stock has a market capitalization of $41.10 million, a PE ratio of -0.29 and a beta of 1.81. The firm has a 50 day moving average price of $6.96 and a 200-day moving average price of $8.99. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 8.48.
Team (NYSE:TISI – Get Rating) last posted its earnings results on Tuesday, November 8th. The business services provider reported ($5.50) EPS for the quarter. The company had revenue of $218.34 million for the quarter. Team had a negative return on equity of 728.11% and a negative net
margin of 13.15%.
Institutional Trading of Team
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Team by 41.8% in the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider's stock valued at $886,000 after purchasing an additional 118,049 shares during the period. Millennium Management LLC grew its holdings in Team by 672.0% in the second quarter. Millennium Management LLC now owns 456,688 shares of the business services provider's stock valued at $339,000 after purchasing an additional 397,535 shares during the period. XTX Topco Ltd grew its holdings in Team by 349.9% in the first quarter. XTX Topco Ltd now owns 77,438 shares of the business services provider's stock valued at $171,000 after purchasing an additional 60,226 shares during the period. Virtu Financial LLC grew its holdings in Team by 83.4% in the first quarter. Virtu Financial LLC now owns 54,956 shares of the business services provider's stock valued at $121,000 after purchasing an additional 24,987 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Team by 401.8% in the second quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider's stock valued at $67,000 after purchasing an additional 72,442 shares during the period.
About Team
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Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity segments. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.
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