Team (NYSE:TISI) Rating Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

Team Stock Down 1.7%

Shares of TISI opened at $21.69 on Wednesday. The firm has a market cap of $97.45 million, a P/E ratio of -1.76 and a beta of 1.78. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a 52 week low of $6.73 and a 52 week high of $26.77. The firm’s 50-day simple moving average is $19.22 and its 200 day simple moving average is $17.38.

Team (NYSE:TISI) last announced its earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The business had revenue of $198.66 million during the quarter.

Hedge Funds Weigh In On Team

Several hedge funds and other institutional investors have recently made changes to their positions in TISI. AMH Equity Ltd boosted its stake in Team by 4.1% in the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock valued at $784,000 after buying an additional 1,807 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,957 shares during the period. Geode Capital Management LLC increased its stake in shares of Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Team during the 4th quarter valued at approximately $140,000. Finally, Manatuck Hill Partners LLC increased its position in shares of Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after buying an additional 11,625 shares during the period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

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.