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 research report report published on Tuesday morning.

Team Stock Down 7.9 %

Shares of TISI opened at $14.28 on Tuesday. The firm has a market cap of $64.05 million, a PE ratio of -1.16 and a beta of 1.83. The company has a quick ratio of 1.59, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The company’s fifty day moving average is $18.48 and its two-hundred day moving average is $12.40. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77.

Institutional Investors Weigh In On Team

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Team during the 2nd quarter worth $118,000. Geode Capital Management LLC lifted its position in shares of 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 last quarter. Finally, Barclays PLC grew its stake in Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Hedge funds and other 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.