StarTek, Inc. (NYSE:SRT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.33 and last traded at $5.40, with a volume of 2909 shares changing hands. The stock had previously closed at $5.58.
Several brokerages recently issued reports on SRT. Zacks Investment Research upgraded shares of StarTek from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine upgraded shares of StarTek from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.67.
The company has a market cap of $206.42 million, a PE ratio of -69.75 and a beta of 0.25. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.84.
A number of hedge funds have recently modified their holdings of SRT. Renaissance Technologies LLC lifted its position in StarTek by 10.5% during the second quarter. Renaissance Technologies LLC now owns 939,600 shares of the business services provider’s stock worth $5,910,000 after acquiring an additional 89,400 shares during the last quarter. Paloma Partners Management Co acquired a new stake in StarTek during the second quarter worth approximately $316,000. Raymond James & Associates acquired a new stake in StarTek during the second quarter worth approximately $277,000. LMR Partners LLP acquired a new stake in StarTek during the second quarter worth approximately $160,000. Finally, Jane Street Group LLC acquired a new stake in StarTek during the second quarter worth approximately $118,000. Hedge funds and other institutional investors own 14.47% of the company’s stock.
About StarTek (NYSE:SRT)
StarTek, Inc operates as a customer engagement business process outsourcing services provider that delivers contact center and customer engagement solutions. It offers technical and product support, sales support, provisioning and order processing, receivables management, healthcare services, up-sell and cross-sell program, and customer intelligence analytics; and additional services, such as technology enabled and human interaction to other industry-specific processes, including training curriculum development, workforce management, customer analytics, quality monitoring services, and dispositions.
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