Team (NYSE:TISI) Upgraded to Strong-Buy 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 Stock Performance

Team stock traded down $0.27 during midday trading on Wednesday, hitting $15.69. 7,985 shares of the company were exchanged, compared to its average volume of 11,857. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The firm has a market capitalization of $70.37 million, a PE ratio of -1.28 and a beta of 1.83. The business has a fifty day simple moving average of $16.02 and a two-hundred day simple moving average of $14.50. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TISI. Barclays PLC increased its stake 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 valued at $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $647,000 after purchasing an additional 3,973 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Team in the second quarter valued at approximately $118,000. Institutional investors and hedge funds own 46.57% of the company’s stock.

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.