StarTek (SRT) Rating Increased to Hold at ValuEngine

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StarTek (NYSE:SRT) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts have also recently issued reports about the company. TheStreet cut StarTek from a “c-” rating to a “d+” rating in a report on Monday, May 21st. Zacks Investment Research cut StarTek from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.67.

Shares of StarTek stock opened at $6.40 on Tuesday. The company has a market cap of $211.60 million, a PE ratio of -81.75 and a beta of 0.28. StarTek has a 1-year low of $5.35 and a 1-year high of $14.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.50 and a current ratio of 2.50.

StarTek (NYSE:SRT) last issued its earnings results on Tuesday, August 7th. The business services provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $59.72 million for the quarter, compared to analyst estimates of $68.78 million. StarTek had a negative return on equity of 16.48% and a negative net margin of 6.49%. analysts expect that StarTek will post -0.35 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in StarTek in the second quarter valued at approximately $118,000. LMR Partners LLP acquired a new position in StarTek during the second quarter worth $160,000. Raymond James & Associates acquired a new position in StarTek during the second quarter worth $277,000. Paloma Partners Management Co acquired a new position in StarTek during the second quarter worth $316,000. Finally, Dimensional Fund Advisors LP lifted its stake in StarTek by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 856,232 shares of the business services provider’s stock worth $5,386,000 after purchasing an additional 17,482 shares in the last quarter. Hedge funds and other institutional investors own 14.47% of the company’s stock.

StarTek Company Profile

StarTek, Inc operates as a customer engagement business process outsourcing services provider that delivers contact center and customer engagement solutions. It offers technical and product support, sales support, provisioning and order processing, receivables management, healthcare services, up-sell and cross-sell program, and customer intelligence analytics; and additional services, such as technology enabled and human interaction to other industry-specific processes, including training curriculum development, workforce management, customer analytics, quality monitoring services, and dispositions.

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

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