Startek (NYSE:SRT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Startek (NYSE:SRTGet Rating) in a report issued on Saturday. The firm set a “hold” rating on the business services provider’s stock.

Startek Trading Up 3.9 %

SRT stock opened at $3.44 on Friday. Startek has a 52 week low of $2.60 and a 52 week high of $7.16. The company has a market cap of $138.62 million, a price-to-earnings ratio of 11.47 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.92.

Startek (NYSE:SRTGet Rating) last announced its quarterly earnings results on Monday, May 9th. The business services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.08). Startek had a return on equity of 4.97% and a net margin of 1.75%. The firm had revenue of $167.32 million for the quarter, compared to analyst estimates of $168.39 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. On average, equities research analysts expect that Startek will post 0.27 EPS for the current year.

Institutional Trading of Startek

A number of institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Startek in the fourth quarter worth about $336,000. Strs Ohio boosted its holdings in Startek by 86.4% in the 1st quarter. Strs Ohio now owns 61,500 shares of the business services provider’s stock worth $272,000 after acquiring an additional 28,500 shares during the period. Dimensional Fund Advisors LP grew its position in Startek by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 744,686 shares of the business services provider’s stock valued at $3,299,000 after acquiring an additional 11,734 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Startek by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 56,965 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 11,892 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Startek during the first quarter worth $41,000. 16.56% of the stock is owned by hedge funds and other institutional investors.

Startek Company Profile

(Get Rating)

StarTek, Inc, a business process outsourcing company, provides customer experience, digital transformation, and technology services in various markets. The company primarily offers customer engagement, omnichannel engagement, social media, customer intelligence analytics, work from home, and back-office services under the Startek and Aegis brands.

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