ValuEngine upgraded shares of StarTek (NYSE:SRT) from a hold rating to a buy rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research lowered StarTek from a hold rating to a strong sell rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. StarTek currently has a consensus rating of Hold and an average target price of $13.50.
Shares of StarTek stock opened at $6.30 on Friday. The stock has a market capitalization of $239.78 million, a price-to-earnings ratio of -78.63 and a beta of 0.48. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. StarTek has a one year low of $5.26 and a one year high of $14.27.
Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of StarTek during the second quarter worth about $118,000. LMR Partners LLP purchased a new stake in StarTek in the second quarter valued at approximately $160,000. Raymond James & Associates purchased a new stake in StarTek in the second quarter valued at approximately $277,000. Paloma Partners Management Co purchased a new stake in StarTek in the second quarter valued at approximately $316,000. Finally, JPMorgan Chase & Co. boosted its position in StarTek by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 52,704 shares of the business services provider’s stock valued at $349,000 after buying an additional 13,590 shares during the last quarter. Institutional investors and hedge funds own 12.10% of the company’s stock.
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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