Team (NYSE:TISI) Announces Quarterly Earnings Results

Team (NYSE:TISI) issued its earnings results on Wednesday. The business services provider reported ($0.82) earnings per share (EPS) for the quarter, Zacks reports. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Team Trading Down 11.8 %

Shares of NYSE TISI traded down $1.94 during mid-day trading on Wednesday, hitting $14.56. The stock had a trading volume of 34,569 shares, compared to its average volume of 19,943. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a 1 year low of $5.20 and a 1 year high of $26.77. The business has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $16.82. The firm has a market cap of $65.28 million, a P/E ratio of -1.18 and a beta of 1.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Team from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 2nd.

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.