Team (NYSE:TISI) Downgraded by StockNews.com to Buy

Team (NYSE:TISI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Friday.

Team Price Performance

Shares of TISI stock traded down $1.47 during trading hours on Friday, reaching $17.25. The stock had a trading volume of 15,729 shares, compared to its average volume of 11,042. The stock's fifty day simple moving average is $15.91 and its 200 day simple moving average is $16.07. 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 12 month low of $5.05 and a 12 month high of $26.77. The firm has a market capitalization of $77.37 million, a PE ratio of -1.40 and a beta of 1.85.

Hedge Funds Weigh In On Team

Large investors have recently modified their holdings of the company. 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. Dimensional Fund Advisors LP bought a new position in shares of Team in the fourth quarter valued at approximately $140,000. Northern Trust Corp boosted its position in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after acquiring an additional 12,400 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 3,973 shares during the period. Finally, Manatuck Hill Partners LLC lifted its position in Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after purchasing an additional 11,625 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors.

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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.