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

StockNews.com began coverage on shares of Team (NYSE:TISI) in a research note issued to investors on Monday morning. The firm issued a buy rating on the business services provider’s stock.

Team Stock Down 1.8 %

Shares of TISI stock opened at $6.68 on Monday. The firm has a fifty day moving average of $6.83 and a 200-day moving average of $6.85. The company has a market capitalization of $29.53 million, a price-to-earnings ratio of -0.39 and a beta of 1.79. The company has a quick ratio of 1.62, a current ratio of 1.84 and a debt-to-equity ratio of 6.72. Team has a 12-month low of $3.53 and a 12-month high of $11.25.

Team (NYSE:TISI) last issued its quarterly 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.

Insiders Place Their Bets

In other Team news, major shareholder Corre Partners Management, Llc bought 5,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $6.26 per share, with a total value of $32,865.00. Following the acquisition, the insider now owns 1,510,136 shares of the company’s stock, valued at $9,453,451.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 54,313 shares of company stock valued at $338,516. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Team

An institutional investor recently raised its position in Team stock. Barclays PLC lifted its holdings in shares of Team, Inc. (NYSE:TISI) by 16.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,000 shares of the business services provider’s stock after purchasing an additional 30,591 shares during the quarter. Barclays PLC owned 4.92% of Team worth $1,494,000 as of its most recent SEC filing. Hedge funds and other 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.