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

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

Team Stock Down 2.5 %

Shares of NYSE TISI opened at $16.00 on Wednesday. The firm’s fifty day moving average is $18.43 and its 200 day moving average is $12.63. Team has a 52 week low of $5.05 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 company has a market cap of $71.84 million, a price-to-earnings ratio of -1.30 and a beta of 1.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Team in the second quarter valued at $118,000. 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 valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Barclays PLC boosted 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 valued at $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Hedge funds and other 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.