StarTek, Inc. (NYSE:SRT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “StarTek, Inc. is a global provider of process management services and owns and operates branded vertical market Internet web sites. Their process management service platforms include E-commerce support and fulfillment, provisioning management for telecommunications systems, high-end inbound technical support, and an offering of supply chain management services. As an outsourcer of process management services as its core business, StarTek allows its clients to focus on their primary business, reduce overhead, replace fixed costs with variable costs, and reduce working capital needs. “
Separately, TheStreet raised StarTek from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th.
StarTek (NYSE:SRT) opened at 5.95 on Wednesday. StarTek has a 52 week low of $3.30 and a 52 week high of $6.40. The firm’s market cap is $93.62 million. The stock has a 50 day moving average price of $5.82 and a 200 day moving average price of $4.71.
StarTek (NYSE:SRT) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.10. The firm had revenue of $73.70 million for the quarter, compared to analyst estimates of $76.55 million. StarTek had a negative return on equity of 20.21% and a negative net margin of 2.94%. Equities research analysts expect that StarTek will post ($0.04) EPS for the current year.
A hedge fund recently raised its stake in StarTek stock. BlackRock Fund Advisors increased its stake in StarTek, Inc. (NYSE:SRT) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,820 shares of the company’s stock after buying an additional 593 shares during the period. BlackRock Fund Advisors owned 0.25% of StarTek worth $163,000 at the end of the most recent reporting period. 41.48% of the stock is owned by hedge funds and other institutional investors.
StarTek, Inc (STARTEK) is a customer engagement business process outsourcing (BPO) services company, which is delivering customer care solutions. The Company operates its business in three segments, based on the geographic regions: Domestic, Nearshore, and Offshore. Its Domestic segment includes the operations of approximately 10 facilities in the United States and one facility in Canada.
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