Team (NYSE:TISI) Rating Lowered to “Buy” at StockNews.com

StockNews.com cut shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a report released on Tuesday morning.

Team Stock Performance

Shares of Team stock opened at $15.10 on Tuesday. The firm has a fifty day moving average price of $18.60 and a 200 day moving average price of $12.31. Team has a 1 year low of $5.05 and a 1 year high of $26.77. The company has a debt-to-equity ratio of 13.11, a current ratio of 1.82 and a quick ratio of 1.59.

Hedge Funds Weigh In On Team

An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new stake in shares of Team, Inc. (NYSE:TISI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,251 shares of the business services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned approximately 0.30% of Team at the end of the most recent quarter. Institutional investors and hedge funds 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.