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

StockNews.com upgraded shares of Team (NYSE:TISI) from a buy rating to a strong-buy rating in a research note published on Monday morning.

Team Stock Performance

NYSE TISI opened at $16.92 on Monday. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The company has a fifty day moving average price of $16.38 and a 200-day moving average price of $16.84. Team has a 1 year low of $5.97 and a 1 year high of $26.77. The firm has a market cap of $75.89 million, a price-to-earnings ratio of -1.38 and a beta of 1.91.

Team (NYSE:TISI) last issued its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $213.30 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TISI. Barclays PLC raised its stake in shares of Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the period. Manatuck Hill Partners LLC increased its holdings in 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 buying an additional 11,625 shares during the last quarter. Geode Capital Management LLC raised its position in Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after acquiring an additional 2,033 shares during the period. Northern Trust Corp boosted its stake in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 12,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Team during the 4th quarter valued at approximately $140,000. 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.