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 issued to investors on Saturday.

Team Trading Down 5.8 %

NYSE:TISI opened at $17.12 on Friday. Team has a 52 week low of $5.05 and a 52 week high of $26.77. The firm has a 50 day moving average of $16.12 and a 200 day moving average of $16.25. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. The stock has a market capitalization of $76.87 million, a price-to-earnings ratio of -1.39 and a beta of 1.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after buying an additional 3,973 shares during the last quarter. Barclays PLC raised its holdings in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after buying an additional 18,733 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after buying an additional 12,400 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Team in the fourth quarter worth $140,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after buying an additional 1,957 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Team Company Profile

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.