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

StockNews.com initiated coverage on shares of Team (NYSE:TISIFree Report) in a research note published on Thursday. The brokerage issued a buy rating on the business services provider’s stock.

Team Trading Up 0.2 %

Shares of TISI opened at $6.41 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.72 and a debt-to-equity ratio of 4.58. Team has a 12-month low of $3.53 and a 12-month high of $11.25. The firm has a 50-day moving average price of $6.64 and a 200 day moving average price of $7.68. The firm has a market capitalization of $28.01 million, a P/E ratio of 0.29 and a beta of 1.85.

Team (NYSE:TISIGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The business services provider reported ($2.01) earnings per share (EPS) for the quarter. Team had a net margin of 10.98% and a negative return on equity of 74.42%. The firm had revenue of $206.72 million during the quarter.

Institutional Investors Weigh In On Team

A number of hedge funds have recently modified their holdings of TISI. Vanguard Group Inc. boosted its stake in Team by 2.7% during the third quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock worth $833,000 after buying an additional 3,172 shares during the period. Susquehanna International Group LLP purchased a new position in Team during the first quarter worth about $77,000. Wetherby Asset Management Inc. purchased a new position in Team during the first quarter worth about $40,000. Cambridge Investment Research Advisors Inc. purchased a new position in Team during the first quarter worth about $48,000. Finally, Virtu Financial LLC boosted 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 81.73% of the company’s stock.

About Team

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Team, Inc, together with its subsidiaries, provides asset performance assurance and optimization solutions in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments. The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

Further Reading

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