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

StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a report released on Friday morning. The brokerage issued a buy rating on the business services provider’s stock.

Team Trading Down 3.5 %

TISI opened at $9.65 on Friday. The business has a fifty day moving average price of $8.74 and a 200 day moving average price of $7.46. The company has a debt-to-equity ratio of 11.41, a current ratio of 1.74 and a quick ratio of 1.52. Team has a 12 month low of $5.05 and a 12 month high of $11.25. The stock has a market capitalization of $42.60 million, a price-to-earnings ratio of -0.62 and a beta of 1.84.

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

Insider Transactions at Team

In other Team news, major shareholder Corre Partners Management, Llc bought 6,122 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $7.00 per share, with a total value of $42,854.00. Following the completion of the acquisition, the insider now directly owns 1,548,489 shares of the company’s stock, valued at approximately $10,839,423. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders bought 12,922 shares of company stock valued at $96,510. Insiders own 2.70% 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.