StockNews.com Downgrades Team (NYSE:TISI) to Buy

StockNews.com lowered shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research note published on Thursday.

Team Trading Up 2.6 %

Shares of NYSE TISI opened at $15.72 on Thursday. The firm’s 50 day moving average price is $15.59 and its 200-day moving average price is $14.75. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. The company has a market cap of $70.60 million, a PE ratio of -1.28 and a beta of 1.83.

Institutional Trading of Team

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in shares of Team in the second quarter worth $118,000. Geode Capital Management LLC increased its holdings in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after buying an additional 3,973 shares in the last quarter. Finally, Barclays PLC raised its position in Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after buying an additional 18,733 shares during the last quarter. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

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.