ValuEngine Downgrades China Customer Relations Centers (NASDAQ:CCRC) to Hold

China Customer Relations Centers (NASDAQ:CCRC) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Shares of China Customer Relations Centers stock traded down $0.07 on Thursday, reaching $10.10. 10,906 shares of the company were exchanged, compared to its average volume of 122,335. China Customer Relations Centers has a 1-year low of $8.08 and a 1-year high of $14.69. The stock’s 50 day moving average is $10.47.

A hedge fund recently bought a new stake in China Customer Relations Centers stock. D. E. Shaw & Co. Inc. purchased a new position in China Customer Relations Centers Inc (NASDAQ:CCRC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,314 shares of the business services provider’s stock, valued at approximately $212,000. D. E. Shaw & Co. Inc. owned about 0.09% of China Customer Relations Centers as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.21% of the company’s stock.

About China Customer Relations Centers

China Customer Relations Centers, Inc provides business process outsourcing services for telecommunications companies in the People's Republic of China. It offers voice-based customer care services, including customer relationship management, technical support, sales, customer retention, marketing surveys, and research.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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