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

by · The Cerbat Gem

StockNews.com upgraded shares of Team (NYSE:TISI – Free Report) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Team Price Performance

Shares of TISI opened at $16.41 on Wednesday. The business’s 50-day moving average is $18.43 and its two-hundred day moving average is $12.63. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Team during the 2nd quarter worth approximately $118,000. Geode Capital Management LLC lifted its holdings in Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Barclays PLC grew its position 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 valued at $4,189,000 after purchasing an additional 18,733 shares during the period. Institutional investors and hedge funds own 46.57% of the company’s stock.

Team Company Profile

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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.

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