Startek (NYSE:SRT) Shares Pass Above Two Hundred Day Moving Average of $3.59

Startek, Inc. (NYSE:SRT – Get Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.59 and traded as high as $4.11. Startek shares last traded at $4.05, with a volume of 9,283 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Startek in a report on Tuesday. They issued a “buy” rating for the company. B. Riley reaffirmed a “buy” rating on shares of Startek in a research report on Thursday, November 10th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Startek in a research report on Wednesday, October 5th.

Startek Price Performance

The company has a market cap of $168.78 million, a price-to-earnings ratio of 23.06 and a beta of 1.49. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.57. The stock’s 50-day simple moving average is $3.77 and its 200 day simple moving average is $3.60.

Startek (NYSE:SRT – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $163.14 million for the quarter, compared to analyst estimates of $173.01 million. Startek had a return on equity of 5.55% and a net margin of 1.09%. On average, equities research analysts anticipate that Startek, Inc. will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Startek

A number of hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management purchased a new position in shares of Startek during the fourth quarter worth approximately $39,000. Vanguard Group Inc. lifted its holdings in shares of Startek by 1.4% during the third quarter. Vanguard Group Inc. now owns 535,877 shares of the business services provider’s stock worth $1,607,000 after purchasing an additional 7,500 shares during the period. Beryl Capital Management LLC lifted its holdings in shares of Startek by 41.9% during the third quarter. Beryl Capital Management LLC now owns 872,089 shares of the business services provider’s stock worth $2,616,000 after purchasing an additional 257,315 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Startek during the third quarter worth $31,000. Finally, Citadel Advisors LLC acquired a new stake in Startek in the second quarter valued at $173,000. 16.56% of the stock is currently owned by hedge funds and other institutional investors.

About Startek

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Startek, Inc is a global business process outsourcing company that provides Omni channel customer interactions, technology and back-office support solutions. It operates under the Startek and Aegis brands, which helps the large global companies to connect emotionally with their customers, solve issues, and improve net promoter scores and other customer-facing performance metrics.