Team, Inc. (NYSE:TISI – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.28 and traded as high as $10.34. Team shares last traded at $9.88, with a volume of 22,649 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of Team in a report on Thursday. They set a “buy” rating on the stock.
Get Our Latest Research Report on Team
Team Trading Down 3.0 %
Team (NYSE:TISI – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The business services provider reported ($3.33) earnings per share for the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%. The firm had revenue of $199.60 million for the quarter.
Insider Buying and Selling at Team
In related news, major shareholder Corre Partners Management, Llc bought 4,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $8.29 per share, for a total transaction of $33,160.00. Following the completion of the purchase, the insider now directly owns 1,559,520 shares in the company, valued at $12,928,420.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 12,922 shares of company stock worth $96,510 over the last three months. 2.70% of the stock is currently owned by insiders.
About Team
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.
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