StockNews.com Downgrades Team (NYSE:TISI) to Buy

Team (NYSE:TISI) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Team Price Performance

NYSE:TISI opened at $16.38 on Friday. Team has a 52 week low of $5.05 and a 52 week high of $26.77. The firm has a market cap of $73.46 million, a price-to-earnings ratio of -1.33 and a beta of 1.85. The firm’s 50-day simple moving average is $16.29 and its 200 day simple moving average is $16.45. 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 Investors Weigh In On Team

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew 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 worth $647,000 after buying an additional 3,973 shares in the last quarter. Barclays PLC grew its stake in Team by 7.3% during the third 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 in the last quarter. Northern Trust Corp grew its stake in 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 buying an additional 12,400 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Team during the fourth quarter worth about $140,000. Finally, JPMorgan Chase & Co. grew 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 buying an additional 1,957 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors and hedge funds.

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.