Team (NYSE:TISI) Now Covered by StockNews.com

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

Team Price Performance

Shares of NYSE TISI opened at $6.80 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.62 and a debt-to-equity ratio of 6.72. The company has a market capitalization of $30.06 million, a price-to-earnings ratio of -0.39 and a beta of 1.79. Team has a twelve month low of $3.53 and a twelve month high of $11.25. The business has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $6.85.

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

Insider Transactions at Team

In related news, major shareholder Corre Partners Management, Llc acquired 5,250 shares of Team stock in a transaction that occurred on Thursday, March 21st. The stock was acquired at an average price of $6.26 per share, for a total transaction of $32,865.00. Following the transaction, the insider now directly owns 1,510,136 shares of the company’s stock, valued at approximately $9,453,451.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 54,313 shares of company stock worth $338,516. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Team

A hedge fund recently raised its stake in Team stock. Barclays PLC grew its holdings in shares of Team, Inc. (NYSE:TISI) by 16.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 215,000 shares of the business services provider’s stock after acquiring 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. 46.57% of the stock is owned by institutional investors and hedge funds.

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.