Team (NYSE:TISI) Upgraded to Strong-Buy at StockNews.com

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

Team Price Performance

NYSE:TISI opened at $16.41 on Wednesday. Team has a twelve month low of $5.05 and a twelve month high of $26.77. The company’s 50-day moving average price is $18.43 and its 200-day moving average price is $12.63. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57.

Institutional Investors Weigh In On Team

Several hedge funds and other institutional investors have recently made changes to their positions in TISI. Geode Capital Management LLC grew its holdings in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares in the last quarter. Barclays PLC increased its position in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Team during the second quarter worth about $118,000. 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.