Team (NYSE:TISI) Given Sell (D-) Rating at Weiss Ratings

Team (NYSE:TISI)‘s stock had its “sell (d-)” rating reiterated by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Team Price Performance

Shares of NYSE TISI opened at $13.58 on Friday. The stock has a fifty day moving average price of $17.05 and a 200 day moving average price of $18.61. Team has a 1-year low of $11.12 and a 1-year high of $24.25. The company has a market cap of $61.09 million, a PE ratio of -1.16 and a beta of 1.58.

Team (NYSE:TISI) last issued its quarterly earnings results on Tuesday, August 12th. The business services provider reported ($0.20) earnings per share for the quarter. Team had a negative return on equity of 753.94% and a negative net margin of 6.01%.The company had revenue of $248.03 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC raised its holdings in Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 10,000 shares in the last quarter. 22NW LP raised its holdings in Team by 391.1% during the second quarter. 22NW LP now owns 171,090 shares of the business services provider’s stock worth $3,114,000 after purchasing an additional 136,255 shares in the last quarter. Finally, AMH Equity Ltd raised its holdings in Team by 72.8% during the second quarter. AMH Equity Ltd now owns 80,000 shares of the business services provider’s stock worth $1,456,000 after purchasing an additional 33,693 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

About Team

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.