Team (NYSE:TISI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a report released on Wednesday. The firm set a “buy” rating on the business services provider’s stock.

Team Stock Down 11.1 %

Shares of Team stock opened at $9.30 on Wednesday. The stock has a market capitalization of $41.11 million, a P/E ratio of -0.60 and a beta of 1.84. The company has a quick ratio of 1.52, a current ratio of 1.74 and a debt-to-equity ratio of 11.41. The stock has a 50 day moving average price of $8.13 and a two-hundred day moving average price of $7.20. Team has a 12-month low of $5.05 and a 12-month high of $11.25.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, May 14th. The business services provider reported ($3.33) earnings per share for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%. The business had revenue of $199.60 million during the quarter.

Insider Activity

In other Team news, major shareholder Corre Partners Management, Llc acquired 6,122 shares of Team stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $7.00 per share, with a total value of $42,854.00. Following the completion of the transaction, the insider now owns 1,548,489 shares of the company’s stock, valued at $10,839,423. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders acquired 12,922 shares of company stock valued at $96,510. 2.70% of the stock is owned by company insiders.

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.