Team (NYSE:TISI) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Team (NYSE:TISI) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Team Trading Down 1.7 %

Shares of TISI stock opened at $15.69 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The firm’s 50 day moving average price is $16.02 and its two-hundred day moving average price is $14.50. The stock has a market cap of $70.37 million, a price-to-earnings ratio of -1.28 and a beta of 1.83.

Institutional Trading of Team

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in Team in the second quarter valued at approximately $118,000. Geode Capital Management LLC boosted its stake in shares of Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares during the period. Finally, Barclays PLC grew its holdings in Team by 7.3% during the 3rd 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 in the last quarter. 46.57% of the stock is 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.