Team (NYSE:TISI) Rating Lowered to “Buy” at StockNews.com

Team (NYSE:TISI) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Team Stock Up 1.6 %

TISI stock opened at $16.64 on Friday. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The firm has a market capitalization of $74.61 million, a P/E ratio of -1.35 and a beta of 1.85. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company’s 50 day simple moving average is $16.29 and its 200-day simple moving average is $16.54.

Institutional Trading of Team

Hedge funds have recently made changes to their positions in the stock. Manatuck Hill Partners LLC raised its holdings in shares of Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after acquiring an additional 11,625 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Team by 52.6% during the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Team in the 4th quarter valued at approximately $140,000. Geode Capital Management LLC increased its holdings in Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock worth $564,000 after buying an additional 2,033 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 1,957 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.