Team (NYSE:TISI) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research note published on Monday.

Team Stock Performance

Shares of Team stock opened at $12.68 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The stock’s fifty day moving average is $16.38 and its two-hundred day moving average is $14.27. Team has a 52 week low of $5.05 and a 52 week high of $26.77. The company has a market capitalization of $56.87 million, a PE ratio of -1.03 and a beta of 1.78.

Hedge Funds Weigh In On Team

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in shares of Team in the 2nd quarter worth approximately $118,000. Barclays PLC lifted its position in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after acquiring an additional 18,733 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 3,973 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other 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.