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

Team (NYSE:TISI – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Team Price Performance

TISI opened at $4.18 on Friday. The firm has a market capitalization of $18.22 million, a PE ratio of 0.23 and a beta of 1.89. The business’s 50-day moving average is $5.52 and its two-hundred day moving average is $6.78. Team has a 1 year low of $3.53 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.63.

Team (NYSE:TISI – Get Rating) last posted its earnings results on Tuesday, March 14th. The business services provider reported ($5.46) EPS for the quarter. Team had a net margin of 8.81% and a negative return on equity of 186.85%. The firm had revenue of $211.29 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new stake in shares of Team in the third quarter worth about $1,614,000. Millennium Management LLC boosted its holdings in Team by 672.0% during the second quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after buying an additional 397,535 shares in the last quarter. Gendell Jeffrey L purchased a new position in Team in the first quarter valued at $957,000. Renaissance Technologies LLC raised its position in shares of Team by 41.8% in the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock worth $886,000 after acquiring an additional 118,049 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Team during the 2nd quarter worth about $61,000.

About Team

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Team, Inc engages in the provision of digitally-enabled asset performance assurance and optimization solutions. It operates through the following segments: Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity. The Inspection and Heat Treating segment offers conventional and advanced non-destructive testing (NDT) heat treating and thermal services, tank management, and pipeline integrity solutions, as well as associated engineering and condition assessment services.