Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Team (NYSE:TISI) in a research report sent to investors on Thursday. The firm issued a buy rating on the business services provider’s stock.

Team Stock Down 3.0 %

TISI stock opened at $9.91 on Thursday. Team has a twelve month low of $5.05 and a twelve month high of $11.25. The company has a debt-to-equity ratio of 11.41, a quick ratio of 1.52 and a current ratio of 1.74. The business has a 50 day moving average price of $8.47 and a two-hundred day moving average price of $7.34.

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

Insider Transactions at Team

In other news, major shareholder Corre Partners Management, Llc acquired 6,122 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $7.00 per share, with a total value of $42,854.00. Following the acquisition, the insider now directly owns 1,548,489 shares in the company, valued at approximately $10,839,423. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 12,922 shares of company stock worth $96,510. Company insiders own 2.70% 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.