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

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

Team Stock Up 4.2 %

NYSE TISI opened at $17.51 on Tuesday. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. The business has a fifty day moving average price of $15.69 and a 200 day moving average price of $15.54. The company has a market cap of $78.63 million, a P/E ratio of -1.42 and a beta of 1.85. Team has a one year low of $5.05 and a one year high of $26.77.

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

Institutional Trading of Team

Several institutional investors and hedge funds have recently made changes to their positions in TISI. Renaissance Technologies LLC purchased a new position in Team during the second quarter worth about $118,000. Barclays PLC increased 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 acquiring an additional 18,733 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 acquiring an additional 3,973 shares during the last quarter. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

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.