StockNews.com Begins Coverage on Team (NYSE:TISI)

StockNews.com initiated coverage on shares of Team (NYSE:TISI) 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) 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

In other Team news, major shareholder Corre Partners Management, Llc bought 4,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $8.29 per share, with a total value of $33,160.00. Following the transaction, the insider now directly owns 1,559,520 shares in the company, valued at approximately $12,928,420.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 12,922 shares of company stock valued at $96,510 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

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) 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.