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

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 Tuesday morning.

Team Trading Down 3.9 %

NYSE:TISI opened at $16.98 on Tuesday. 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 business’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $15.60. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The stock has a market capitalization of $76.13 million, a PE ratio of -1.38 and a beta of 1.85.

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

Institutional Trading of Team

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Team in the 2nd quarter valued at approximately $118,000. Barclays PLC grew its stake 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 worth $4,189,000 after acquiring an additional 18,733 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 last quarter. 46.57% of the stock is currently owned by institutional investors.

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.