Team (NYSE:TISI) Stock Rating Upgraded by StockNews.com

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

Team Stock Performance

Shares of NYSE TISI opened at $17.20 on Friday. The firm’s 50-day moving average price is $15.60 and its 200-day moving average price is $15.12. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a market cap of $77.23 million, a PE ratio of -1.40 and a beta of 1.83. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Team (NYSE:TISI) last released its quarterly earnings results on Monday, November 11th. The business services provider reported ($2.84) earnings per share for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The firm had revenue of $210.76 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in Team during the second quarter valued at $118,000. Barclays PLC raised its stake in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after acquiring an additional 18,733 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.