Team (NYSE:TISI) Upgraded at StockNews.com

StockNews.com upgraded shares of Team (NYSE:TISI) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

Team Stock Up 4.3 %

Shares of Team stock opened at $16.84 on Tuesday. 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 stock has a market capitalization of $75.59 million, a PE ratio of -1.37 and a beta of 1.85. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a 50-day simple moving average of $15.73 and a two-hundred day simple moving average of $15.61.

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

Hedge Funds Weigh In On Team

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Team in the second quarter worth approximately $118,000. Geode Capital Management LLC boosted its position in shares of Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3,973 shares during the period. Finally, Barclays PLC boosted its position in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the period. 46.57% of the stock is currently owned by 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.