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 released on Friday morning.

Team Stock Down 5.8 %

TISI stock opened at $17.20 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The company’s 50 day moving average is $15.60 and its two-hundred day moving average is $15.21. The stock has a market cap of $77.23 million, a P/E ratio of -1.40 and a beta of 1.83. Team has a twelve month low of $5.05 and a twelve month high of $26.77.

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

Institutional Trading of Team

Several institutional investors and hedge funds have recently bought and sold shares of TISI. Renaissance Technologies LLC purchased a new stake in shares of Team in the second quarter valued at about $118,000. Geode Capital Management LLC lifted its position in Team by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3,973 shares during the period. Finally, Barclays PLC raised its stake in shares of Team by 7.3% during 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 last quarter. 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.