Team (NYSE:TISI) Raised 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 report published on Wednesday.

Team Trading Up 9.7 %

Shares of Team stock opened at $17.56 on Wednesday. The stock has a market cap of $78.84 million, a PE ratio of -1.43 and a beta of 1.83. The firm has a fifty day moving average price of $18.43 and a 200 day moving average price of $12.73. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57.

Hedge Funds Weigh In On Team

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Team during the second quarter worth approximately $118,000. Finally, 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 worth $4,189,000 after purchasing an additional 18,733 shares in the last quarter. 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.