Team (NYSE:TISI) Upgraded to Strong-Buy at 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 on Saturday.

Team Stock Down 5.8 %

Shares of NYSE TISI opened at $17.12 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The company has a market cap of $76.87 million, a price-to-earnings ratio of -1.39 and a beta of 1.85. Team has a 12 month low of $5.05 and a 12 month high of $26.77. The stock has a 50-day moving average price of $16.12 and a two-hundred day moving average price of $16.20.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake 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 Team during the fourth quarter worth about $140,000. Northern Trust Corp grew its holdings in shares of Team by 52.6% during the fourth 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in shares of Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after purchasing an additional 11,625 shares during the last quarter. Institutional investors and hedge funds 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.