Team (NYSE:TISI) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Team (NYSE:TISI) from a buy rating to a strong-buy rating in a research report released on Monday morning.

Team Price Performance

NYSE TISI opened at $16.79 on Monday. The business’s fifty day moving average is $16.47 and its two-hundred day moving average is $16.84. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a 1 year low of $5.97 and a 1 year high of $26.77. The stock has a market capitalization of $75.43 million, a P/E ratio of -1.37 and a beta of 1.91.

Team (NYSE:TISI) last announced its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share for the quarter. The firm had revenue of $213.30 million for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Institutional Investors Weigh In On Team

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manatuck Hill Partners LLC raised its holdings in Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after purchasing an additional 11,625 shares during the period. Northern Trust Corp lifted its position in Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after acquiring an additional 12,400 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Team during the fourth quarter worth approximately $140,000. Geode Capital Management LLC boosted its holdings in shares of Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after acquiring an additional 2,033 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,957 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.

About Team

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.