Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Team (NYSE:TISI) in a research note issued to investors on Sunday morning. The brokerage issued a buy rating on the business services provider’s stock.

Team Stock Up 4.2 %

Team stock opened at $8.60 on Friday. The firm has a 50 day moving average price of $7.40 and a 200-day moving average price of $6.92. The company has a market capitalization of $38.01 million, a P/E ratio of -0.55 and a beta of 1.83. Team has a twelve month low of $5.05 and a twelve month high of $11.25. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 11.41.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, May 14th. The business services provider reported ($3.33) earnings per share for the quarter. The company had revenue of $199.60 million for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%.

Insiders Place Their Bets

In related news, major shareholder Corre Partners Management, Llc bought 6,122 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $7.00 per share, with a total value of $42,854.00. Following the purchase, the insider now owns 1,548,489 shares of the company’s stock, valued at approximately $10,839,423. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought a total of 25,779 shares of company stock valued at $187,795 in the last quarter. Insiders own 2.70% 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.