StockNews.com Initiates Coverage on Team (NYSE:TISI)

Research analysts at StockNews.com started coverage on shares of Team (NYSE:TISI) in a research report issued on Saturday. The brokerage set a “buy” rating on the business services provider’s stock.

Team Trading Down 3.0 %

NYSE TISI opened at $6.75 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.84 and a debt-to-equity ratio of 6.72. Team has a 52 week low of $3.53 and a 52 week high of $11.25. The business has a 50 day moving average price of $6.74 and a 200-day moving average price of $6.98. The company has a market cap of $29.84 million, a price-to-earnings ratio of -0.39 and a beta of 1.81.

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

Insider Buying and Selling

In other news, major shareholder Corre Partners Management, Llc purchased 5,250 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $6.26 per share, for a total transaction of $32,865.00. Following the completion of the acquisition, the insider now owns 1,510,136 shares in the company, valued at $9,453,451.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 54,313 shares of company stock worth $338,516. 0.74% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. bought a new position in Team during the first quarter valued at about $40,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Team during the 1st quarter valued at approximately $48,000. Jane Street Group LLC purchased a new stake in shares of Team during the 2nd quarter worth approximately $61,000. Two Sigma Investments LP purchased a new stake in shares of Team during the 3rd quarter worth approximately $65,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Team by 401.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock worth $67,000 after purchasing an additional 72,442 shares during the period. Institutional investors own 46.57% of the company’s stock.

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.