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

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

Team Price Performance

Shares of NYSE TISI opened at $7.21 on Wednesday. The company has a market capitalization of $31.83 million, a price-to-earnings ratio of -0.42 and a beta of 1.80. 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 company has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $7.03. Team has a fifty-two week low of $3.53 and a fifty-two week high of $11.25.

Team (NYSE:TISI) last released its earnings results on Thursday, March 7th. The business services provider reported ($3.18) earnings per share for the quarter. The firm had revenue of $214.13 million for the quarter. Team had a negative net margin of 8.78% and a negative return on equity of 79.77%.

Insider Buying and Selling

In related news, major shareholder Corre Partners Management, Llc bought 20,342 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $5.71 per share, for a total transaction of $116,152.82. Following the completion of the transaction, the insider now directly owns 1,474,886 shares in the company, valued at $8,421,599.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 41,456 shares of company stock valued at $247,231 over the last 90 days. Insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On Team

Several large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in shares of Team in the 1st quarter valued at $77,000. Wetherby Asset Management Inc. acquired a new stake in shares of Team during the 1st quarter worth about $40,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Team in the first quarter worth approximately $48,000. Northern Trust Corp raised its holdings in Team by 82.8% in the fourth quarter. Northern Trust Corp now owns 27,923 shares of the business services provider’s stock valued at $184,000 after buying an additional 12,652 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Team during the second quarter valued at approximately $252,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

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.