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

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

Team Stock Down 1.7 %

Shares of NYSE:TISI opened at $15.69 on Wednesday. The stock has a 50-day simple moving average of $15.93 and a 200-day simple moving average of $14.51. The stock has a market capitalization of $70.37 million, a P/E ratio of -1.28 and a beta of 1.83. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in Team in the second quarter worth about $118,000. Geode Capital Management LLC raised its stake in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares in the last quarter. Finally, Barclays PLC lifted its holdings in 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 buying an additional 18,733 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other 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.