StockNews.com upgraded shares of Team (NYSE:TISI - Free Report) from a buy rating to a strong-buy rating in a report issued on Wednesday.
Team Trading Up 1.3 %
Shares of NYSE:TISI traded up $0.21 during mid-day trading on Wednesday, reaching $16.41. The stock had a trading volume of 17,965 shares, compared to its average volume of 18,440. The firm has a market cap of $73.60 million, a PE ratio of -1.34 and a beta of 1.83. The firm has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $12.63. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. Team has a twelve month low of $5.05 and a twelve month high of $26.77.
Institutional Investors Weigh In On Team
Several institutional investors have recently added to or reduced their stakes in TISI. Geode Capital Management LLC raised its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider's stock worth $647,000 after acquiring an additional 3,973 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Team during the 2nd quarter worth approximately $118,000. Finally, Barclays PLC grew its stake in shares of Team by 7.3% in 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 in the last quarter. 46.57% of the stock is owned by institutional investors.
Team Company Profile
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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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