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

StockNews.com cut shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Team Stock Performance

TISI opened at $15.10 on Tuesday. The company has a debt-to-equity ratio of 13.11, a quick ratio of 1.59 and a current ratio of 1.82. The firm’s 50-day moving average price is $18.60 and its 200-day moving average price is $12.31. Team has a 52-week low of $5.05 and a 52-week high of $26.77.

Institutional Investors Weigh In On Team

An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new position in shares of Team, Inc. (NYSE:TISI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.30% of Team as of its most recent filing with the Securities and Exchange Commission. 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.