StockNews.com initiated coverage on shares of Team (NYSE:TISI – Free Report) in a research report released on Saturday morning. The firm issued a strong-buy rating on the business services provider’s stock.
Team Price Performance
TISI stock traded up $0.12 during midday trading on Friday, reaching $9.42. 12,653 shares of the stock were exchanged, compared to its average volume of 12,162. The company has a debt-to-equity ratio of 11.41, a current ratio of 1.74 and a quick ratio of 1.52. The stock has a market capitalization of $41.59 million, a PE ratio of -0.61 and a beta of 1.84. Team has a 52 week low of $5.05 and a 52 week high of $11.25. The company has a fifty day moving average price of $8.86 and a 200 day moving average price of $7.56.
Team (NYSE:TISI – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.45) EPS for the quarter. The firm had revenue of $228.62 million for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%.
Insider Transactions at Team
Institutional Trading of Team
An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new stake in shares of Team, Inc. (NYSE:TISI – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.30% of Team at the end of the most recent reporting period. 46.57% of the stock is currently owned by 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.
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