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

StockNews.com cut shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a report published on Friday morning.

Team Stock Down 7.9 %

Shares of TISI opened at $17.25 on Friday. The company’s 50-day simple moving average is $15.88 and its 200-day simple moving average is $16.02. 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 1 year low of $5.05 and a 1 year high of $26.77. The stock has a market capitalization of $77.45 million, a PE ratio of -1.40 and a beta of 1.85.

Institutional Trading of Team

A number of large investors have recently made changes to their positions in TISI. Barclays PLC increased its stake in Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the last quarter. Manatuck Hill Partners LLC increased its stake in Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 11,625 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 purchasing an additional 2,033 shares during the last quarter. Northern Trust Corp increased its stake in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Team in the fourth quarter valued at approximately $140,000. 46.57% of the stock is currently owned by hedge funds and other 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.