Team (NYSE:TISI) Upgraded at StockNews.com

Team (NYSE:TISI) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Team Trading Down 2.8 %

Shares of TISI traded down $0.48 during trading hours on Monday, reaching $16.92. The stock had a trading volume of 28,363 shares, compared to its average volume of 19,802. The company has a market cap of $75.89 million, a P/E ratio of -1.38 and a beta of 1.91. Team has a 52 week low of $5.97 and a 52 week high of $26.77. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The firm has a 50-day moving average of $16.38 and a 200 day moving average of $16.84.

Team (NYSE:TISI) last announced its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The business had revenue of $213.30 million during the quarter.

Hedge Funds Weigh In On Team

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after acquiring an additional 1,957 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Team during the 4th quarter worth approximately $140,000. Northern Trust Corp raised its stake in shares of Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after purchasing an additional 12,400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Team by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its stake in shares of Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after buying an additional 11,625 shares in the last quarter. Institutional investors 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.