ValuEngine Lowers StarTek (NYSE:SRT) to Hold

StarTek (NYSE:SRT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th.

Shares of SRT traded down $0.24 on Tuesday, hitting $6.58. The company’s stock had a trading volume of 54,600 shares, compared to its average volume of 82,669. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s fifty day moving average price is $6.60 and its 200-day moving average price is $7.36. StarTek has a fifty-two week low of $5.26 and a fifty-two week high of $8.93.

StarTek (NYSE:SRT) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.09). StarTek had a negative net margin of 4.36% and a negative return on equity of 6.70%. The business had revenue of $160.55 million during the quarter, compared to analyst estimates of $157.92 million. Sell-side analysts predict that StarTek will post -0.15 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SRT. Royal Bank of Canada acquired a new position in StarTek during the 2nd quarter worth approximately $34,000. JPMorgan Chase & Co. acquired a new position in StarTek during the 2nd quarter worth approximately $35,000. Strs Ohio acquired a new position in StarTek during the 2nd quarter worth approximately $35,000. Charles Schwab Investment Management Inc. acquired a new position in StarTek during the 2nd quarter worth approximately $324,000. Finally, Northern Trust Corp boosted its position in StarTek by 35.8% during the 2nd quarter. Northern Trust Corp now owns 51,270 shares of the business services provider’s stock worth $418,000 after acquiring an additional 13,519 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

About StarTek

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.

Recommended Story: Forex

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.