StockNews.com Initiates Coverage on Team (NYSE:TISI)

Equities researchers at StockNews.com initiated coverage on shares of Team (NYSE:TISI) in a note issued to investors on Monday. The firm set a “buy” rating on the business services provider’s stock.

Team Stock Up 15.1 %

TISI opened at $6.92 on Monday. Team has a twelve month low of $3.53 and a twelve month high of $11.25. The company has a debt-to-equity ratio of 6.72, a quick ratio of 1.62 and a current ratio of 1.84. The business has a 50 day moving average price of $6.79 and a 200 day moving average price of $6.87. The firm has a market cap of $30.59 million, a P/E ratio of -0.40 and a beta of 1.79.

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

Insider Buying and Selling at Team

In other Team news, major shareholder Corre Partners Management, Llc purchased 5,250 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $6.26 per share, with a total value of $32,865.00. Following the transaction, the insider now directly owns 1,510,136 shares in the company, valued at approximately $9,453,451.36. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 54,313 shares of company stock worth $338,516 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Team

An institutional investor recently raised its position in Team stock. Barclays PLC boosted its stake in shares of Team, Inc. (NYSE:TISI) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 4.92% of Team worth $1,494,000 at the end of the most recent quarter. 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.