Team (NYSE:TISI) Shares Pass Above Fifty Day Moving Average of $14.79

Team, Inc. (NYSE:TISI) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.79 and traded as high as $14.85. Team shares last traded at $14.83, with a volume of 1,852 shares trading hands.

TISI has been the topic of several research reports. TheStreet lowered AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Zacks Investment Research upgraded Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, ValuEngine lowered Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.33.

The firm has a fifty day moving average price of $14.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.18 and a quick ratio of 1.86. The stock has a market cap of $444.64 million, a PE ratio of -19.21 and a beta of 1.57.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.31). Team had a negative return on equity of 5.75% and a negative net margin of 5.86%. The firm had revenue of $269.60 million during the quarter, compared to analysts’ expectations of $294.20 million. As a group, equities analysts expect that Team, Inc. will post -0.12 EPS for the current year.

In related news, Director Craig L. Martin bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average cost of $15.20 per share, for a total transaction of $304,000.00. Following the acquisition, the director now directly owns 29,585 shares of the company’s stock, valued at approximately $449,692. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Team during the 1st quarter valued at about $41,000. Nisa Investment Advisors LLC bought a new position in Team during the 1st quarter valued at approximately $72,000. Investors Research Corp bought a new position in Team during the 1st quarter valued at approximately $95,000. PNC Financial Services Group Inc. raised its position in Team by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Team during the 4th quarter valued at approximately $127,000.

Team Company Profile (NYSE:TISI)

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). 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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