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 report released on Wednesday.

Team Stock Performance

TISI stock opened at $17.70 on Wednesday. The firm has a 50 day moving average of $18.41 and a two-hundred day moving average of $12.65. Team has a 12 month low of $5.05 and a 12 month high of $26.77. The company has a market capitalization of $79.47 million, a price-to-earnings ratio of -1.40 and a beta of 1.83. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TISI. Renaissance Technologies LLC acquired a new position in Team in the 2nd quarter valued at $118,000. Barclays PLC boosted its holdings in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after acquiring an additional 18,733 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 3,973 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.