Team (NYSE:TISI) Trading 2.7% Higher – Here’s Why

Team, Inc. (NYSE:TISI)’s share price traded up 2.7% during mid-day trading on Wednesday . The company traded as high as $15.65 and last traded at $15.37. 5,646 shares traded hands during trading, a decline of 70% from the average session volume of 19,108 shares. The stock had previously closed at $14.97.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Team Stock Down 5.1 %

The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The firm has a market cap of $65.64 million, a price-to-earnings ratio of -1.19 and a beta of 1.78. The firm has a 50 day moving average price of $18.42 and a 200-day moving average price of $13.65.

Institutional Investors Weigh In On Team

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in Team in the 2nd quarter valued at $118,000. Geode Capital Management LLC lifted its position in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after purchasing an additional 3,973 shares during the period. Finally, Barclays PLC increased its stake in shares of Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares during the last quarter. 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.