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

StockNews.com downgraded shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Team Stock Performance

NYSE:TISI opened at $17.25 on Friday. The firm has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $15.93. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. Team has a 1-year low of $5.05 and a 1-year high of $26.77.

Hedge Funds Weigh In On Team

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Manatuck Hill Partners LLC increased 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 worth $787,000 after purchasing an additional 11,625 shares during the last quarter. 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 purchasing an additional 12,400 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Team during the fourth quarter worth approximately $140,000. Geode Capital Management LLC increased its position in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after purchasing an additional 2,033 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 purchasing an additional 1,957 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.

About Team

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.