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

Team, Inc. (NYSE:TISI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Team Stock Down 3.1 %

The firm has a market capitalization of $65.21 million, a price-to-earnings ratio of -1.18 and a beta of 1.78. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The business has a fifty day moving average price of $18.10 and a two-hundred day moving average price of $13.82.

Institutional Trading of Team

A number of hedge funds have recently modified their holdings of TISI. Geode Capital Management LLC boosted its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after buying an additional 3,973 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Team in the second quarter worth about $118,000. Finally, Barclays PLC boosted its stake in shares of Team by 7.3% during 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. 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.