Team (NYSE:TISI) Upgraded at

Team (NYSE:TISIGet Rating) was upgraded by from a “sell” rating to a “hold” rating in a research note issued on Monday.

NYSE TISI traded up $0.01 during mid-day trading on Monday, reaching $1.06. 454,125 shares of the company’s stock traded hands, compared to its average volume of 2,110,749. Team has a 1-year low of $0.52 and a 1-year high of $8.89. The company has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $1.30. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 16.84. The company has a market cap of $45.71 million, a price-to-earnings ratio of -0.18 and a beta of 2.17.

Team (NYSE:TISIGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The business services provider reported ($0.67) earnings per share for the quarter. Team had a negative net margin of 20.50% and a negative return on equity of 122.97%. The business had revenue of $218.58 million for the quarter.

In other Team news, Chairman Michael J. Caliel bought 20,000 shares of the business’s stock in a transaction on Wednesday, March 23rd. The shares were purchased at an average price of $1.56 per share, with a total value of $31,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffery Gerald Davis bought 25,000 shares of the business’s stock in a transaction on Friday, March 25th. The shares were acquired at an average cost of $1.58 per share, for a total transaction of $39,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 72,800 shares of company stock worth $109,133. 3.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Team in the 4th quarter worth $33,000. Barclays PLC raised its stake in shares of Team by 92.5% in the 4th quarter. Barclays PLC now owns 31,989 shares of the business services provider’s stock worth $35,000 after buying an additional 15,375 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Team in the 1st quarter worth $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Team in the 3rd quarter worth $36,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of Team in the 1st quarter worth $40,000. 71.10% of the stock is currently owned by hedge funds and other institutional investors.

About Team (Get Rating)

Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity segments. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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