StockNews.com Downgrades Team (NYSE:TISI) to Buy

StockNews.com lowered shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Team Stock Performance

Shares of TISI stock opened at $12.68 on Monday. The business has a fifty day moving average of $16.38 and a 200 day moving average of $14.27. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The firm has a market capitalization of $56.87 million, a price-to-earnings ratio of -1.03 and a beta of 1.78.

Hedge Funds Weigh In On Team

Institutional investors have recently bought and sold shares of the business. 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 valued at $647,000 after purchasing an additional 3,973 shares during the last quarter. Barclays PLC lifted its holdings 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 valued at $4,189,000 after buying an additional 18,733 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Team in the second quarter worth about $118,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.