Team (NYSE:TISI) Upgraded at StockNews.com

Team (NYSE:TISI) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Team Price Performance

TISI stock opened at $16.20 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The company has a market capitalization of $72.74 million, a P/E ratio of -1.32 and a beta of 1.83. The business has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $12.60. Team has a twelve month low of $5.05 and a twelve month high of $26.77.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in shares of Team during the second quarter worth about $118,000. Geode Capital Management LLC raised its stake in Team by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 3,973 shares during the last quarter. Finally, Barclays PLC lifted its position in Team by 7.3% during the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after acquiring an additional 18,733 shares during the period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

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.