Team (NYSE:TISI) Upgraded at StockNews.com

StockNews.com upgraded shares of Team (NYSE:TISI) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Team Stock Down 4.0 %

Shares of NYSE:TISI opened at $15.06 on Wednesday. The firm’s 50-day moving average is $15.85 and its two-hundred day moving average is $14.52. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The firm has a market capitalization of $67.54 million, a PE ratio of -1.23 and a beta of 1.83.

Hedge Funds Weigh In On Team

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares during the period. Renaissance Technologies LLC acquired a new stake in Team during the second quarter worth about $118,000. Finally, Barclays PLC lifted its stake in shares of Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares in 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.