Team (NYSE:TISI) Rating Increased to Strong-Buy at StockNews.com

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

Team Trading Down 2.8 %

Shares of TISI opened at $16.92 on Monday. Team has a fifty-two week low of $5.97 and a fifty-two week high of $26.77. The business has a 50-day moving average of $16.38 and a 200 day moving average of $16.84. The firm has a market cap of $75.89 million, a P/E ratio of -1.38 and a beta of 1.91. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

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

Hedge Funds Weigh In On Team

A number of large investors have recently made changes to their positions in TISI. Geode Capital Management LLC lifted its holdings 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 worth $647,000 after purchasing an additional 3,973 shares in the last quarter. Barclays PLC increased its position in shares of Team by 7.3% during the third 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. Northern Trust Corp increased its position 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 valued at $456,000 after buying an additional 12,400 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Team in the fourth quarter worth about $140,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 1,957 shares during the period. 46.57% of the stock is owned by institutional investors.

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.