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

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

Team Stock Down 4.3 %

Team stock opened at $7.80 on Friday. The stock has a market cap of $34.48 million, a price-to-earnings ratio of -0.50 and a beta of 1.82. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 11.41. The company’s 50-day moving average price is $7.41 and its two-hundred day moving average price is $6.84. Team has a 52 week low of $5.05 and a 52 week high of $11.25.

Team (NYSE:TISI) last released its earnings results on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. The company had revenue of $199.60 million for the quarter. Team had a negative net margin of 7.93% and a negative return on equity of 89.91%.

Insider Buying and Selling at Team

In other Team news, major shareholder Corre Partners Management, Llc acquired 12,857 shares of Team stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $7.10 per share, for a total transaction of $91,284.70. Following the transaction, the insider now owns 1,542,367 shares in the company, valued at approximately $10,950,805.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 59,235 shares of company stock valued at $378,626. Company 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 grew its holdings in shares of Team, Inc. (NYSE:TISI) by 16.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,000 shares of the business services provider’s stock after purchasing an additional 30,591 shares during the period. Barclays PLC owned approximately 4.92% of Team worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 46.57% of the company’s stock.

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.