Separately, Zacks Investment Research raised shares of StarTek from a sell rating to a hold rating in a report on Wednesday, October 9th.
SRT stock opened at $7.99 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $7.16. StarTek has a one year low of $5.84 and a one year high of $8.93.
Several large investors have recently modified their holdings of SRT. BlackRock Inc. grew its position in shares of StarTek by 200.0% in the second quarter. BlackRock Inc. now owns 1,173,611 shares of the business services provider’s stock valued at $9,589,000 after purchasing an additional 782,472 shares during the last quarter. Vanguard Group Inc. lifted its holdings in StarTek by 16.6% during the 2nd quarter. Vanguard Group Inc. now owns 633,700 shares of the business services provider’s stock worth $5,177,000 after purchasing an additional 90,212 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in StarTek by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 728,500 shares of the business services provider’s stock worth $5,952,000 after purchasing an additional 85,400 shares during the last quarter. Millennium Management LLC acquired a new stake in StarTek during the 3rd quarter worth approximately $366,000. Finally, Squarepoint Ops LLC boosted its stake in StarTek by 127.5% in the 3rd quarter. Squarepoint Ops LLC now owns 84,173 shares of the business services provider’s stock valued at $545,000 after purchasing an additional 47,176 shares during the period. Institutional investors own 12.62% of the company’s stock.
StarTek Company Profile
StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.
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