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

Equities research analysts at StockNews.com initiated coverage on shares of Startek (NYSE:SRTGet Rating) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the business services provider’s stock.

Separately, TheStreet raised Startek from a “d+” rating to a “c-” rating in a research report on Friday, August 26th.

Startek Trading Down 1.8 %

NYSE SRT opened at $3.35 on Friday. The firm has a market capitalization of $135.13 million, a P/E ratio of 18.61 and a beta of 1.38. The business has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $3.69. Startek has a 12 month low of $2.60 and a 12 month high of $7.16. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in Startek in the 1st quarter valued at $41,000. Atria Wealth Solutions Inc. bought a new position in Startek in the 2nd quarter valued at $42,000. Gladius Capital Management LP bought a new position in Startek in the 2nd quarter valued at $52,000. Qube Research & Technologies Ltd bought a new position in shares of Startek during the 4th quarter worth $73,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Startek by 158.3% during the 4th quarter. BNP Paribas Arbitrage SA now owns 21,554 shares of the business services provider’s stock worth $113,000 after acquiring an additional 13,208 shares during the period. Institutional investors own 16.56% of the company’s stock.

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.

Further Reading

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