Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a report released on Sunday. The brokerage set a “buy” rating on the business services provider’s stock.

Team Stock Down 3.0 %

Shares of Team stock opened at $6.57 on Friday. The company has a debt-to-equity ratio of 6.72, a current ratio of 1.84 and a quick ratio of 1.62. Team has a 1 year low of $3.53 and a 1 year high of $11.25. The firm’s 50-day moving average is $6.76 and its two-hundred day moving average is $6.95. The stock has a market cap of $29.01 million, a price-to-earnings ratio of -0.38 and a beta of 1.81.

Team (NYSE:TISI) last released its quarterly earnings results on Thursday, March 7th. The business services provider reported ($3.18) EPS for the quarter. The firm had revenue of $214.13 million for the quarter. Team had a negative net margin of 8.78% and a negative return on equity of 79.77%.

Insider Buying and Selling at Team

In other news, major shareholder Corre Partners Management, Llc purchased 5,250 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was acquired at an average cost of $6.26 per share, with a total value of $32,865.00. Following the completion of the transaction, the insider now owns 1,510,136 shares in the company, valued at approximately $9,453,451.36. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 54,313 shares of company stock valued at $338,516. 0.74% of the stock is currently owned by insiders.

Institutional Trading of Team

An institutional investor recently raised its position in Team stock. Barclays PLC lifted its stake in Team, Inc. (NYSE:TISI) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,000 shares of the business services provider’s stock after purchasing an additional 30,591 shares during the quarter. Barclays PLC owned about 4.92% of Team worth $1,494,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.