Team (NYSE:TISI) Upgraded at StockNews.com

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

Team Stock Down 6.8 %

Team stock opened at $16.79 on Monday. The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $16.84. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. Team has a twelve month low of $5.97 and a twelve month high of $26.77. The firm has a market capitalization of $75.43 million, a P/E ratio of -1.37 and a beta of 1.91.

Team (NYSE:TISI) last announced its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) EPS for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The company had revenue of $213.30 million for the quarter.

Hedge Funds Weigh In On Team

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position 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 worth $4,189,000 after buying an additional 18,733 shares during the period. Northern Trust Corp raised its holdings in shares of Team by 52.6% during the fourth 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. Manatuck Hill Partners LLC grew its position in shares of Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after buying an additional 11,625 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Team during the 4th quarter worth approximately $140,000. Finally, Geode Capital Management LLC increased its position 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 worth $647,000 after buying an additional 3,973 shares during the period. Institutional investors and hedge funds 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.