Team (NYSE:TISI) Downgraded by StockNews.com to Buy

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

Team Stock Up 6.8 %

Shares of Team stock opened at $15.33 on Thursday. 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. The company’s 50 day moving average price is $15.64 and its 200-day moving average price is $14.74. The stock has a market capitalization of $68.76 million, a price-to-earnings ratio of -1.25 and a beta of 1.83.

Hedge Funds Weigh In On Team

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Team during the second quarter worth about $118,000. Barclays PLC increased 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 valued at $4,189,000 after purchasing an additional 18,733 shares during the period. Finally, Geode Capital Management LLC raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.