Team (NYSE:TISI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a research note published on Saturday morning. The brokerage issued a buy rating on the business services provider’s stock.

Team Stock Performance

Shares of TISI stock opened at $6.75 on Friday. Team has a 1 year low of $3.53 and a 1 year high of $11.25. The firm has a market cap of $29.80 million, a price-to-earnings ratio of -0.39 and a beta of 1.81. The stock’s 50-day moving average is $6.74 and its two-hundred day moving average is $6.98. The company has a debt-to-equity ratio of 6.72, a quick ratio of 1.62 and a current ratio of 1.84.

Team (NYSE:TISI) last announced its earnings results on Thursday, March 7th. The business services provider reported ($3.18) earnings per share for the quarter. Team had a negative return on equity of 79.77% and a negative net margin of 8.78%. The business had revenue of $214.13 million for the quarter.

Insider Transactions at Team

In other Team news, major shareholder Corre Partners Management, Llc bought 20,342 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of $5.71 per share, for a total transaction of $116,152.82. Following the completion of the purchase, the insider now owns 1,474,886 shares of the company’s stock, valued at $8,421,599.06. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders acquired 54,313 shares of company stock worth $338,516. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Team

An institutional investor recently raised its position in Team stock. Barclays PLC boosted its position in Team, Inc. (NYSE:TISI) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,000 shares of the business services provider’s stock after purchasing an additional 30,591 shares during the period. Barclays PLC owned about 4.92% of Team worth $1,494,000 as of its most recent filing with the Securities & Exchange Commission. 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.