Team (NYSE:TISI) Raised 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 report released on Saturday morning.

Team Stock Down 5.8 %

NYSE:TISI opened at $17.12 on Friday. The firm has a market capitalization of $76.87 million, a P/E ratio of -1.39 and a beta of 1.85. Team has a 1-year low of $5.05 and a 1-year high of $26.77. The company’s fifty day moving average price is $16.12 and its 200-day moving average price is $16.25. 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 Trading of Team

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew 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 buying an additional 1,957 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Team during the fourth quarter valued at $140,000. Northern Trust Corp grew its position in Team by 52.6% during the fourth 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 period. Geode Capital Management LLC grew its position in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after buying an additional 2,033 shares during the period. Finally, Manatuck Hill Partners LLC grew its position in Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after buying an additional 11,625 shares during the period. Institutional investors and hedge funds 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.