StarTek (NYSE:SRT)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a report released on Thursday, March 15th. They presently have a $9.00 price objective on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential downside of 1.53% from the stock’s previous close.
Several other brokerages also recently weighed in on SRT. Zacks Investment Research raised shares of StarTek from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Lake Street Capital upped their price target on shares of StarTek from $13.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th.
Shares of NYSE SRT opened at $9.14 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $149.96, a P/E ratio of -114.25 and a beta of 0.21. StarTek has a 12-month low of $8.49 and a 12-month high of $14.78.
StarTek (NYSE:SRT) last released its earnings results on Thursday, March 15th. The business services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.16). The company had revenue of $71.60 million during the quarter, compared to analysts’ expectations of $70.02 million. StarTek had a negative return on equity of 2.68% and a negative net margin of 0.44%. During the same period last year, the firm posted $0.09 EPS. equities research analysts anticipate that StarTek will post 0.04 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan purchased a new position in shares of StarTek in the 4th quarter valued at approximately $440,000. PEAK6 Investments L.P. purchased a new position in shares of StarTek in the 4th quarter valued at approximately $140,000. Tower Research Capital LLC TRC raised its position in shares of StarTek by 240.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,036 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 10,618 shares during the last quarter. Bank of New York Mellon Corp raised its position in StarTek by 39.1% during the 4th quarter. Bank of New York Mellon Corp now owns 80,164 shares of the business services provider’s stock worth $799,000 after buying an additional 22,551 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in StarTek during the 4th quarter worth approximately $736,000. 42.14% of the stock is owned by hedge funds and other institutional investors.
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StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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