Team (NYSE:TISI) Coverage Initiated at StockNews.com

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

Team Price Performance

NYSE TISI opened at $7.27 on Wednesday. Team has a 12 month low of $4.27 and a 12 month high of $11.25. The company has a debt-to-equity ratio of 11.41, a current ratio of 1.74 and a quick ratio of 1.52. The firm has a market capitalization of $32.13 million, a PE ratio of -0.47 and a beta of 1.79. The company’s 50 day simple moving average is $7.07 and its 200 day simple moving average is $6.77.

Team (NYSE:TISI) last issued its earnings results on Thursday, March 7th. The business services provider reported ($3.18) earnings per share for the quarter. The business had revenue of $214.13 million for the quarter. Team had a negative return on equity of 89.91% and a negative net margin of 7.93%.

Insider Buying and Selling

In other Team news, major shareholder Corre Partners Management, Llc bought 20,342 shares of Team stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of $5.71 per share, for a total transaction of $116,152.82. Following the completion of the acquisition, the insider now owns 1,474,886 shares of the company’s stock, valued at approximately $8,421,599.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 60,435 shares of company stock worth $381,370. Corporate 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 increased its position in Team, Inc. (NYSE:TISI) by 16.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 215,000 shares of the business services provider’s stock after purchasing an additional 30,591 shares during the period. Barclays PLC owned about 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.