Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

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

Team Stock Performance

Shares of Team stock opened at $7.65 on Wednesday. The company has a market capitalization of $33.81 million, a PE ratio of -0.44 and a beta of 1.80. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $7.04. Team has a one year low of $3.53 and a one year high of $11.25. The company has a debt-to-equity ratio of 6.72, a quick ratio of 1.62 and a current ratio of 1.84.

Insider Buying and Selling

In other Team news, major shareholder Corre Partners Management, Llc purchased 20,342 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $5.71 per share, for a total transaction of $116,152.82. Following the completion of the purchase, the insider now owns 1,474,886 shares of the company’s stock, valued at $8,421,599.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 41,456 shares of company stock worth $247,231 in the last ninety days. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Team

Large investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. acquired a new stake in shares of Team in the first quarter worth $40,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Team in the 1st quarter valued at about $48,000. Jane Street Group LLC purchased a new stake in shares of Team in the second quarter worth about $61,000. Two Sigma Investments LP purchased a new stake in Team in the 3rd quarter worth approximately $65,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Team by 401.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock worth $67,000 after purchasing an additional 72,442 shares during the 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.