StarTek (NYSE:SRT) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of StarTek (NYSE:SRT) from a buy rating to a hold rating in a report published on Tuesday morning, ValuEngine reports.

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.

StarTek (NYSE:SRT) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported ($0.07) EPS for the quarter. The company had revenue of $164.63 million during the quarter, compared to analyst estimates of $163.76 million. StarTek had a negative net margin of 3.01% and a negative return on equity of 6.37%. Research analysts forecast that StarTek will post -0.21 EPS for the current year.

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.

See Also: How Do You Make Money With Penny Stocks?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for StarTek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StarTek and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit