StockNews.com upgraded shares of Team (NYSE:TISI - Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.
Team Price Performance
TISI traded up $0.97 during midday trading on Monday, reaching $17.76. 9,077 shares of the company's stock were exchanged, compared to its average volume of 13,763. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The business has a 50-day simple moving average of $16.49 and a two-hundred day simple moving average of $16.84. The firm has a market capitalization of $79.77 million, a price-to-earnings ratio of -1.44 and a beta of 1.91. Team has a one year low of $5.97 and a one year high of $26.77.
Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share for the quarter. The firm had revenue of $213.30 million for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.
Institutional Investors Weigh In On Team
A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock worth $25,000 after acquiring an additional 1,957 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 position in Team during the fourth quarter worth $140,000. Manatuck Hill Partners LLC grew its holdings 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 worth $787,000 after purchasing an additional 11,625 shares during the period. 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 buying an additional 12,400 shares during the last quarter. 46.57% of the stock is owned by institutional investors and hedge funds.
About Team
(
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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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