StockNews.com Upgrades Team (NYSE:TISI) to “Strong-Buy”

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

Team Stock Performance

Shares of Team stock opened at $17.81 on Friday. The business has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $15.04. Team has a 1-year low of $5.05 and a 1-year high of $26.77. 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 $79.88 million, a P/E ratio of -1.45 and a beta of 1.83.

Team (NYSE:TISI) last issued its earnings results on Monday, November 11th. The business services provider reported ($2.84) earnings per share for the quarter. The business had revenue of $210.76 million during the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Institutional Investors Weigh In On Team

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in Team during the 2nd quarter valued at $118,000. Geode Capital Management LLC raised its holdings in shares of Team by 10.3% in the third 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. Finally, Barclays PLC lifted its position in shares of Team by 7.3% during the third 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. 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.