Team (NYSE:TISI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Sunday.
Team Stock Down 5.6 %
NYSE:TISI traded down $0.93 during midday trading on Friday, hitting $15.60. 14,953 shares of the company were exchanged, compared to its average volume of 19,740. The company has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $16.63. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. 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 $69.97 million, a PE ratio of -1.27 and a beta of 1.85.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock worth $25,000 after buying an additional 1,957 shares in the last quarter. Geode Capital Management LLC lifted its stake in Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after acquiring an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Team in the fourth quarter valued at approximately $140,000. Manatuck Hill Partners LLC lifted its stake in shares of Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock worth $787,000 after buying an additional 11,625 shares during the last quarter. Finally, Northern Trust Corp increased its position in 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 acquiring an additional 12,400 shares during the period. 46.57% of the stock is owned by institutional investors and hedge funds.
About Team
(
Get Free Report)
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.
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