Team, Inc. (NYSE:TISI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.13 and traded as high as $8.70. Team shares last traded at $8.62, with a volume of 7,831 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Team in a research report on Thursday, August 17th. They set a “buy” rating for the company.
Read Our Latest Report on Team
Team Price Performance
Team (NYSE:TISI – Get Free Report) last announced its quarterly earnings data on Thursday, August 10th. The business services provider reported ($2.55) earnings per share for the quarter. The firm had revenue of $239.49 million during the quarter. Team had a net margin of 9.60% and a negative return on equity of 123.81%.
Institutional Investors Weigh In On Team
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Team by 41.8% during the 1st quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock worth $886,000 after acquiring an additional 118,049 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Team by 672.0% during the 2nd quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after purchasing an additional 397,535 shares during the period. XTX Topco Ltd raised its holdings in shares of Team by 349.9% during the 1st quarter. XTX Topco Ltd now owns 77,438 shares of the business services provider’s stock valued at $171,000 after buying an additional 60,226 shares during the period. Virtu Financial LLC boosted its holdings in Team by 83.4% in the first quarter. Virtu Financial LLC now owns 54,956 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 24,987 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Team during the 1st quarter worth approximately $77,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Team Company Profile
Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments. 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.
Featured Articles
- Five stocks we like better than Team
- P/E Ratio Calculation: How to Assess Stocks
- These Quality Dividend Kings Grow their Dividends the Fastest
- Your Comprehensive Guide to Investing in Bank Stocks
- 3 Growth Stocks to Buy in September
- How to Invest in Toy Stocks
- 3 Underappreciated Stocks with Nowhere to Go But Up
Receive News & Ratings for Team Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team and related companies with MarketBeat.com's FREE daily email newsletter.
