Team (NYSE:TISI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Team (NYSE:TISI) in a research note issued to investors on Sunday morning. The firm issued a buy rating on the business services provider’s stock.

Team Stock Down 6.5 %

Shares of NYSE:TISI opened at $6.66 on Friday. 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 $29.40 million, a P/E ratio of -0.38 and a beta of 1.81. Team has a 12 month low of $3.53 and a 12 month high of $11.25. The company’s 50-day moving average price is $6.78 and its two-hundred day moving average price is $6.91.

Team (NYSE:TISI) last issued its quarterly 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 company had revenue of $214.13 million during the quarter.

Insider Buying and Selling at Team

In related news, major shareholder Corre Partners Management, Llc acquired 5,250 shares of the firm’s stock in a transaction that occurred 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 purchase, the insider now directly owns 1,510,136 shares in the company, valued at $9,453,451.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have acquired 54,313 shares of company stock valued at $338,516. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Team stock. Barclays PLC grew its stake in Team, Inc. (NYSE:TISI) by 16.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,000 shares of the business services provider’s stock after buying 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 reporting period. 46.57% of the stock is owned by institutional investors.

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.