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.
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.
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