Team (NYSE:TISI) Stock Rating Upgraded by StockNews.com

Team (NYSE:TISI) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Team Price Performance

Shares of TISI opened at $15.69 on Wednesday. Team has a 12 month low of $5.05 and a 12 month high of $26.77. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The stock has a fifty day moving average price of $15.93 and a 200 day moving average price of $14.51. The company has a market cap of $70.37 million, a P/E ratio of -1.28 and a beta of 1.83.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently modified their holdings of TISI. Renaissance Technologies LLC acquired a new position in Team in the second quarter worth approximately $118,000. Barclays PLC lifted its position in shares of 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 acquiring an additional 18,733 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Team by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3,973 shares in the last quarter. Institutional investors 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.