Team (NYSE:TISI) Earns Buy Rating from Analysts at StockNews.com

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

Team Price Performance

Shares of NYSE TISI opened at $7.00 on Monday. The business’s 50 day moving average price is $8.00 and its two-hundred day moving average price is $7.74. The company has a market cap of $30.59 million, a PE ratio of 0.32 and a beta of 1.89. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 4.58. Team has a twelve month low of $3.53 and a twelve month high of $11.25.

Team (NYSE:TISI) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported ($2.01) earnings per share for the quarter. The business had revenue of $206.72 million for the quarter. Team had a negative return on equity of 74.42% and a net margin of 10.98%.

Hedge Funds Weigh In On Team

Institutional investors and hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. bought a new stake in shares of Team in the first quarter valued at approximately $40,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Team in the first quarter valued at approximately $48,000. Jane Street Group LLC bought a new stake in Team during the second quarter worth $61,000. Two Sigma Investments LP bought a new stake in Team during the third quarter worth $65,000. Finally, Goldman Sachs Group Inc. lifted its stake in Team by 401.8% during the second quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock worth $67,000 after purchasing an additional 72,442 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Team Company Profile

Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments. 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.