StockNews.com Upgrades Team (NYSE:TISI) to Strong-Buy

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

Team Stock Down 5.8 %

Shares of Team stock opened at $17.20 on Friday. The firm has a market cap of $77.23 million, a PE ratio of -1.40 and a beta of 1.83. The business’s 50 day simple moving average is $15.60 and its 200 day simple moving average is $15.17. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a 52-week low of $5.05 and a 52-week high of $26.77.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, November 11th. The business services provider reported ($2.84) earnings per share (EPS) for the quarter. The business had revenue of $210.76 million during the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Institutional Trading of Team

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Team during the 2nd quarter worth about $118,000. Finally, Geode Capital Management LLC boosted its holdings 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 buying an additional 3,973 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s 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.