Team (NYSE:TISI) Releases Earnings Results

Team (NYSE:TISI) issued its quarterly earnings results on Wednesday. The business services provider reported ($1.48) EPS for the quarter, FiscalAI reports. Team had a negative return on equity of 753.94% and a negative net margin of 6.01%.The company had revenue of $224.98 million for the quarter.

Team Trading Down 2.2%

Team stock traded down $0.38 during midday trading on Thursday, reaching $16.38. 6,956 shares of the stock traded hands, compared to its average volume of 15,779. Team has a fifty-two week low of $11.12 and a fifty-two week high of $24.25. The firm has a market cap of $73.67 million, a price-to-earnings ratio of -1.40 and a beta of 1.58. The firm has a fifty day moving average price of $16.29 and a two-hundred day moving average price of $18.04.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Team

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TISI. GSA Capital Partners LLP bought a new stake in Team during the 3rd quarter valued at $188,000. Dimensional Fund Advisors LP lifted its holdings in Team by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after purchasing an additional 1,204 shares during the period. 22NW LP bought a new position in Team in the 1st quarter valued at about $589,000. AMH Equity Ltd increased its stake in Team by 4.1% during the 1st quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock valued at $784,000 after buying an additional 1,807 shares during the period. Finally, Manatuck Hill Partners LLC raised its position in shares of Team by 16.1% during the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock worth $1,312,000 after buying an additional 10,000 shares in the last quarter. 46.57% of the stock is owned by 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.