Team (NYSE:TISI) Stock Price Crosses Above 200 Day Moving Average of $7.28

Team, Inc. (NYSE:TISI)’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.

Team Trading Down 3.0 %

The firm has a market capitalization of $43.75 million, a PE ratio of -0.64 and a beta of 1.84. The firm’s fifty day moving average is $8.42 and its two-hundred day moving average is $7.32. The company has a debt-to-equity ratio of 11.41, a current ratio of 1.74 and a quick ratio of 1.52.

Team (NYSE:TISI) 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.