Team (NYSE:TISI) Rating Increased 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 Monday.

Team Price Performance

Shares of NYSE TISI traded down $0.48 during trading on Monday, reaching $16.92. The company had a trading volume of 28,363 shares, compared to its average volume of 19,802. Team has a 52 week low of $5.97 and a 52 week high of $26.77. The business’s 50 day moving average price is $16.38 and its 200-day moving average price is $16.84. The stock has a market cap of $75.89 million, a PE ratio of -1.38 and a beta of 1.91. 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 (NYSE:TISI) last issued its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share 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 $213.30 million during the quarter.

Hedge Funds Weigh In On Team

Large investors have recently made changes to their positions in the company. Barclays PLC raised its holdings 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 purchasing an additional 18,733 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 3,973 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after buying an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Team during the fourth quarter worth approximately $140,000. Finally, Northern Trust Corp lifted its holdings 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 buying an additional 12,400 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.