StockNews.com Upgrades Team (NYSE:TISI) to Strong-Buy

Team (NYSE:TISI) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Team Price Performance

Team stock opened at $16.20 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The company has a fifty day simple moving average of $18.45 and a 200-day simple moving average of $12.60. The stock has a market cap of $72.74 million, a P/E ratio of -1.32 and a beta of 1.83. Team has a 12-month low of $5.05 and a 12-month high of $26.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in Team during the second quarter worth approximately $118,000. Geode Capital Management LLC raised its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of 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 buying an additional 18,733 shares during the last quarter. Hedge funds and other institutional investors 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.