Team (NYSE:TISI) Downgraded to “Buy” Rating by StockNews.com

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

Team Stock Performance

Shares of NYSE TISI opened at $15.50 on Tuesday. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.59 and a current ratio of 1.80. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The firm’s 50 day moving average price is $18.54 and its 200 day moving average price is $12.34.

Hedge Funds Weigh In On Team

A hedge fund recently bought a new stake in Team stock. Renaissance Technologies LLC acquired a new position in shares of Team, Inc. (NYSE:TISI) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.30% of Team at the end of the most recent reporting period. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.