Team (NYSE:TISI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Team (NYSE:TISI) in a report released on Friday. The brokerage issued a buy rating on the business services provider’s stock.

Team Stock Performance

NYSE:TISI opened at $7.47 on Friday. 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 stock has a market capitalization of $33.02 million, a P/E ratio of -0.43 and a beta of 1.81. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $6.98. Team has a fifty-two week low of $3.53 and a fifty-two week high of $11.25.

Team (NYSE:TISI) last issued its quarterly earnings results on Thursday, March 7th. The business services provider reported ($3.18) EPS 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 during the quarter.

Insider Buying and Selling

In other Team news, major shareholder Corre Partners Management, Llc acquired 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, for a total transaction of $32,865.00. Following the completion of the purchase, 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 Securities & Exchange Commission, which is available at this link. Insiders have purchased 54,313 shares of company stock worth $338,516 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Team

Several hedge funds and other institutional investors have recently made changes to their positions in TISI. Cambridge Investment Research Advisors Inc. purchased a new stake in Team during the first quarter worth about $48,000. XTX Topco Ltd increased its position in Team by 349.9% during the first quarter. XTX Topco Ltd now owns 77,438 shares of the business services provider’s stock worth $171,000 after purchasing an additional 60,226 shares during the last quarter. Renaissance Technologies LLC grew its stake in Team by 41.8% during the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock worth $886,000 after buying an additional 118,049 shares during the period. Wetherby Asset Management Inc. purchased a new stake in Team during the first quarter worth approximately $40,000. Finally, Virtu Financial LLC grew its stake in Team by 83.4% during the first quarter. Virtu Financial LLC now owns 54,956 shares of the business services provider’s stock worth $121,000 after buying an additional 24,987 shares during the period. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.