Team (NYSE:TISI) Lowered to “Buy” Rating by StockNews.com

Team (NYSE:TISI) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Team Stock Performance

Shares of TISI opened at $18.72 on Friday. The business’s fifty day moving average price is $15.80 and its 200 day moving average price is $15.86. Team has a 12-month low of $5.05 and a 12-month high of $26.77. The stock has a market capitalization of $83.96 million, a PE ratio of -1.52 and a beta of 1.85. 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 (NYSE:TISI) last announced its quarterly earnings data on Monday, November 11th. The business services provider reported ($2.84) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $210.76 million for the quarter.

Hedge Funds Weigh In On Team

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 1,957 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 buying an additional 3,973 shares during the last quarter. Finally, Barclays PLC lifted its stake in Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after buying an additional 18,733 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors.

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.