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

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

Team Price Performance

Shares of Team stock opened at $6.57 on Friday. The company’s fifty day simple moving average is $6.76 and its two-hundred day simple moving average is $6.95. Team has a 12-month low of $3.53 and a 12-month high of $11.25. The company has a quick ratio of 1.62, a current ratio of 1.84 and a debt-to-equity ratio of 6.72. The firm has a market cap of $29.01 million, a PE ratio of -0.38 and a beta of 1.81.

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

Insider Transactions at Team

In related news, major shareholder Corre Partners Management, Llc bought 12,857 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of $7.10 per share, with a total value of $91,284.70. Following the transaction, the insider now owns 1,542,367 shares in the company, valued at approximately $10,950,805.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 54,313 shares of company stock valued at $338,516. Company insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Team stock. Barclays PLC boosted its holdings in shares of Team, Inc. (NYSE:TISI) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,000 shares of the business services provider’s stock after acquiring an additional 30,591 shares during the period. Barclays PLC owned 4.92% of Team worth $1,494,000 at the end of the most recent reporting period. 46.57% of the stock is owned by hedge funds and other institutional investors.

About Team

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.