Team (NYSE:TISI) Research Coverage Started at StockNews.com

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

Team Stock Down 0.6 %

Shares of TISI stock opened at $8.40 on Tuesday. Team has a 12 month low of $5.05 and a 12 month high of $11.25. The stock has a market cap of $37.13 million, a P/E ratio of -0.54 and a beta of 1.84. 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 has a 50 day simple moving average of $7.86 and a two-hundred day simple moving average of $7.10.

Team (NYSE:TISI) last announced its earnings results on Tuesday, May 14th. The business services provider reported ($3.33) EPS for the quarter. The business 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%.

Insiders Place Their Bets

In other news, major shareholder Corre Partners Management, Llc purchased 4,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $8.29 per share, for a total transaction of $33,160.00. Following the completion of the transaction, the insider now directly owns 1,559,520 shares in the company, valued at approximately $12,928,420.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 12,922 shares of company stock worth $96,510 over the last three months. 2.70% of the stock is currently owned by company insiders.

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.