Team (NYSE:TISI) Stock Rating Lowered by StockNews.com

Team (NYSE:TISI) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Team Stock Up 1.7 %

Shares of NYSE:TISI opened at $16.01 on Thursday. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The stock has a market capitalization of $71.86 million, a P/E ratio of -1.30 and a beta of 1.83. The stock has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $14.81.

Hedge Funds Weigh In On Team

Several hedge funds and other institutional investors have recently bought and sold shares of TISI. Barclays PLC lifted its position in 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 acquiring an additional 18,733 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Team during the 2nd quarter worth approximately $118,000. Finally, Geode Capital Management LLC lifted its position in Team by 10.3% during the 3rd 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 in the last quarter. 46.57% of the stock is owned by institutional investors and hedge funds.

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.