StockNews.com Downgrades Team (NYSE:TISI) to Hold

Team (NYSE:TISI – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Team Price Performance

Shares of Team stock opened at $9.21 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Team has a twelve month low of $3.53 and a twelve month high of $16.40. The business has a 50-day moving average price of $6.61 and a 200 day moving average price of $6.81. The firm has a market cap of $40.16 million, a PE ratio of 0.51 and a beta of 1.89.

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Team (NYSE:TISI – Get Free Report) last posted its quarterly earnings data on Thursday, May 11th. The business services provider reported ($5.24) EPS for the quarter. Team had a negative return on equity of 186.85% and a net margin of 8.81%. The firm had revenue of $202.28 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TISI. Cambridge Investment Research Advisors Inc. acquired a new position in Team in the first quarter valued at approximately $48,000. XTX Topco Ltd lifted its holdings in Team by 349.9% in the first quarter. XTX Topco Ltd now owns 77,438 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 60,226 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Team by 41.8% in the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 118,049 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in Team in the first quarter valued at approximately $40,000. Finally, Virtu Financial LLC lifted its holdings in Team by 83.4% in the first quarter. Virtu Financial LLC now owns 54,956 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 24,987 shares during the last quarter. 46.62% of the stock is currently owned by institutional investors and hedge funds.

Team Company Profile

(Get Free Report)

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.

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