According to Zacks, “Team, Inc. is a professional, full-service provider of specialty industrial services. Team’s current industrial service offering encompasses on-stream leak repair, hot tapping, fugitive emissions monitoring, field machining, technical bolting, field valve repair, NDE inspection and field heat treating. All these services are required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team’s inspection services also serve the aerospace and automotive industries. “
TISI traded up $0.20 on Tuesday, hitting $17.89. The company’s stock had a trading volume of 171,705 shares, compared to its average volume of 229,811. The company’s 50 day simple moving average is $17.93 and its 200-day simple moving average is $16.41. The firm has a market cap of $526.50 million, a P/E ratio of -22.94 and a beta of 1.57. Team has a 12 month low of $13.90 and a 12 month high of $20.79. The company has a quick ratio of 2.08, a current ratio of 2.39 and a debt-to-equity ratio of 0.93.
In other Team news, Director Robert C. Skaggs, Jr. acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $16.21 per share, with a total value of $32,420.00. Following the acquisition, the director now owns 1,600 shares in the company, valued at $25,936. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in TISI. Loews Corp bought a new position in Team in the 2nd quarter valued at $10,166,000. SG Capital Management LLC bought a new position in Team in the 3rd quarter valued at $6,235,000. Nuveen Asset Management LLC bought a new position in Team in the 2nd quarter valued at $3,915,000. Victory Capital Management Inc. boosted its holdings in Team by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,276,166 shares of the business services provider’s stock valued at $19,551,000 after purchasing an additional 149,101 shares during the period. Finally, Rice Hall James & Associates LLC bought a new position in Team in the 3rd quarter valued at $1,993,000.
Team Company Profile
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.
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