Team, Inc. (NYSE:TISI) Short Interest Update

Team, Inc. (NYSE:TISI) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 24,700 shares, a decrease of 15.4% from the February 28th total of 29,200 shares. Based on an average daily trading volume, of 15,300 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the company’s shares are short sold.

Team Trading Up 5.3 %

Team stock traded up $0.90 during midday trading on Wednesday, reaching $17.97. The stock had a trading volume of 6,330 shares, compared to its average volume of 19,429. Team has a 52-week low of $5.97 and a 52-week high of $26.77. The company has a fifty day moving average of $16.50 and a 200 day moving average of $16.84. The firm has a market cap of $80.74 million, a price-to-earnings ratio of -1.46 and a beta of 1.91. 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 (NYSE:TISI) last issued its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. The business had revenue of $213.30 million for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its position in 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. Manatuck Hill Partners LLC boosted its holdings in shares of Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 11,625 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 2,033 shares during the period. Northern Trust Corp increased its holdings in Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after purchasing an additional 12,400 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Team during the 4th quarter worth $140,000. 46.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Team from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 24th.

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.