StockNews.com Begins Coverage on Team (NYSE:TISI)

StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a research report report published on Thursday morning. The firm issued a buy rating on the business services provider’s stock.

Team Stock Down 3.0 %

Team stock opened at $9.91 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 11.41. The business’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $7.34. Team has a 52 week low of $5.05 and a 52 week high of $11.25.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. The business had revenue of $199.60 million during the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%.

Insider Buying and Selling

In other news, major shareholder Corre Partners Management, Llc bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $8.29 per share, with a total value of $33,160.00. Following the completion of the transaction, the insider now directly owns 1,559,520 shares in the company, valued at $12,928,420.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 12,922 shares of company stock valued at $96,510 over the last three months. 2.70% of the stock is owned by corporate insiders.

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.