Team (NYSE:TISI) Raised to “Strong-Buy” at StockNews.com

Team (NYSE:TISI) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Team Price Performance

NYSE:TISI traded down $0.27 during trading hours on Wednesday, hitting $15.69. 7,985 shares of the stock were exchanged, compared to its average volume of 11,857. The firm’s fifty day moving average price is $16.02 and its 200 day moving average price is $14.50. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a market cap of $70.37 million, a P/E ratio of -1.28 and a beta of 1.83. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 3,973 shares during the last quarter. Barclays PLC boosted its stake in Team by 7.3% during the third 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 Team during the second quarter worth $118,000. 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.