Team (NYSE:TISI) Stock Rating Upgraded by StockNews.com

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

Team Stock Down 5.8 %

NYSE TISI opened at $17.20 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The business has a 50 day moving average price of $15.60 and a two-hundred day moving average price of $15.21. The stock has a market cap of $77.23 million, a PE ratio of -1.40 and a beta of 1.83.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, November 11th. The business services provider reported ($2.84) earnings per share for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The firm had revenue of $210.76 million during the quarter.

Institutional Investors Weigh In On Team

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Team by 10.3% in 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. Barclays PLC lifted its position 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 worth $4,189,000 after buying an additional 18,733 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Team in the 2nd quarter valued at about $118,000. Institutional investors 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.