StockNews.com downgraded shares of Team (NYSE:TISI – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.
Team Price Performance
Team stock opened at $15.50 on Tuesday. Team has a 52 week low of $5.05 and a 52 week high of $26.77. The firm’s 50-day simple moving average is $18.54 and its 200 day simple moving average is $12.34. The company has a current ratio of 1.80, a quick ratio of 1.59 and a debt-to-equity ratio of 17.55.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Team stock. Renaissance Technologies LLC purchased a new position in shares of Team, Inc. (NYSE:TISI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.57% of the stock is currently owned by institutional investors.
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.
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