StockNews.com assumed coverage on shares of Team (NYSE:TISI – Free Report) in a report published on Wednesday morning. The brokerage issued a buy rating on the business services provider’s stock.
Team Stock Performance
Shares of Team stock opened at $7.65 on Wednesday. The company has a market capitalization of $33.81 million, a PE ratio of -0.44 and a beta of 1.80. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.04. Team has a one year low of $3.53 and a one year high of $11.25. The company has a debt-to-equity ratio of 6.72, a quick ratio of 1.62 and a current ratio of 1.84.
Insider Buying and Selling
In other Team news, major shareholder Corre Partners Management, Llc purchased 20,342 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $5.71 per share, for a total transaction of $116,152.82. Following the completion of the purchase, the insider now owns 1,474,886 shares of the company’s stock, valued at $8,421,599.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 41,456 shares of company stock worth $247,231 in the last ninety days. 1.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Team
Team Company Profile
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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