StockNews.com Initiates Coverage on Team (NYSE:TISI)

StockNews.com initiated coverage on shares of Team (NYSE:TISI) in a note issued to investors on Monday. The firm set a “buy” rating on the business services provider’s stock.

Team Trading Up 7.5 %

Team stock opened at $8.73 on Monday. The company’s fifty day simple moving average is $7.61 and its 200-day simple moving average is $7.00. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 11.41. Team has a 12 month low of $5.05 and a 12 month high of $11.25. The stock has a market cap of $38.59 million, a P/E ratio of -0.56 and a beta of 1.84.

Team (NYSE:TISI) last posted its quarterly earnings results on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%. The company had revenue of $199.60 million for the quarter.

Insider Buying and Selling

In other Team news, major shareholder Corre Partners Management, Llc acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $8.29 per share, for a total transaction of $33,160.00. Following the completion of the acquisition, the insider now owns 1,559,520 shares of the company’s stock, valued at approximately $12,928,420.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders acquired 12,922 shares of company stock worth $96,510. Corporate insiders own 2.70% 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.