Renaissance Technologies LLC Makes New Investment in Team, Inc. (NYSE:TISI)

Renaissance Technologies LLC purchased a new stake in Team, Inc. (NYSE:TISI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.30% of Team at the end of the most recent quarter.

Team Price Performance

TISI stock opened at $21.14 on Monday. The company’s 50-day moving average price is $14.66 and its two-hundred day moving average price is $10.38. Team, Inc. has a 12 month low of $5.05 and a 12 month high of $26.77. The company has a quick ratio of 1.59, a current ratio of 1.82 and a debt-to-equity ratio of 13.11. The firm has a market cap of $93.44 million, a P/E ratio of -1.68 and a beta of 1.88.

Team (NYSE:TISI) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.45) EPS for the quarter. Team had a negative net margin of 6.50% and a negative return on equity of 98.59%. The firm had revenue of $228.62 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Team in a report on Saturday, August 10th. They set a “strong-buy” rating on the 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.