Team (NYSE:TISI) Lowered to Buy Rating by StockNews.com

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

Team Stock Performance

NYSE:TISI opened at $16.64 on Friday. The firm has a market capitalization of $74.61 million, a PE ratio of -1.35 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 has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. The firm’s fifty day simple moving average is $16.29 and its 200 day simple moving average is $16.54.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TISI. JPMorgan Chase & Co. lifted its stake 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 valued at $25,000 after buying an additional 1,957 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $564,000 after buying an additional 2,033 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Team in the 4th quarter valued at $140,000. Manatuck Hill Partners LLC raised its stake in shares of Team by 23.0% in the 4th 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 in the last quarter. Finally, 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 worth $456,000 after acquiring an additional 12,400 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.