Team (NYSE:TISI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemShares of Team, Inc. (NYSE:TISI – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.19 and traded as high as $16.41. Team shares last traded at $15.87, with a volume of 7,581 shares trading hands.
Key Stories Impacting Team
Here are the key news stories impacting Team this week:
- Positive Sentiment: Team, Inc. previously reported quarterly EPS of ($2.76), beating estimates, and revenue of $215.06 million, also above expectations. Team, Inc. Reports Second Quarter 2024 Results
- Neutral Sentiment: Shares have recently been trading around their 200-day moving average, suggesting the stock is still seeking a clear directional catalyst. Team (NYSE:TISI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?
- Negative Sentiment: The company had previously received a continued listing standard notice from the NYSE, which can weigh on investor sentiment and highlight ongoing concerns about financial stability. Team, Inc. Receives Continued Listing Standard Notice From NYSE
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Team presently has a consensus rating of “Sell”.
Read Our Latest Analysis on Team
Team Trading Down 0.8%
The business has a 50 day moving average of $16.35 and a 200-day moving average of $15.19. The firm has a market capitalization of $71.66 million, a P/E ratio of -1.91 and a beta of 1.09.
Team (NYSE:TISI – Get Free Report) last posted its earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.94) by $3.18. The business had revenue of $215.06 million for the quarter, compared to the consensus estimate of $208.88 million.
Insider Buying and Selling
In related news, Director Edward J. Stenger acquired 3,583 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $16.31 per share, with a total value of $58,438.73. Following the acquisition, the director owned 14,890 shares in the company, valued at $242,855.90. This represents a 31.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary L. Hill acquired 5,800 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $16.22 per share, with a total value of $94,076.00. Following the acquisition, the chief executive officer owned 45,437 shares in the company, valued at $736,988.14. The trade was a 14.63% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 11,400 shares of company stock valued at $183,853. Insiders own 8.80% of the company’s stock.
Institutional Investors Weigh In On Team
Hedge funds have recently added to or reduced their stakes in the business. DRW Securities LLC bought a new position in Team during the 4th quarter worth $168,000. GSA Capital Partners LLP bought a new position in shares of Team in the third quarter worth $188,000. Dimensional Fund Advisors LP increased its position in shares of Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after purchasing an additional 893 shares during the period. Susquehanna International Group LLP increased its position in shares of Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after purchasing an additional 834 shares during the period. Finally, DG Capital Management LLC bought a new position in shares of Team in the fourth quarter worth $913,000. Institutional investors and hedge funds own 46.57% of the company’s stock.
Team Company Profile
Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.
Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.