Team (NYSE:TISI) Upgraded 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 Saturday morning.

Team Trading Down 2.0 %

Shares of Team stock opened at $16.68 on Friday. The firm has a 50-day simple moving average of $16.15 and a two-hundred day simple moving average of $16.35. The company has a market cap of $74.87 million, a P/E ratio of -1.36 and a beta of 1.85. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,957 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Team by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after purchasing an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Team during the 4th quarter worth about $140,000. Manatuck Hill Partners LLC raised its position in shares of Team by 23.0% during the 4th 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 last quarter. Finally, Northern Trust Corp raised its position in shares of Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after purchasing an additional 12,400 shares during the last quarter. Institutional investors and hedge funds 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.