StockNews.com Begins Coverage on Startek (NYSE:SRT)

Equities research analysts at StockNews.com initiated coverage on shares of Startek (NYSE:SRT – Get Rating) in a report issued on Monday. The firm set a “buy” rating on the business services provider’s stock.

Startek Trading Down 2.7 %

Startek stock opened at $3.65 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.57. Startek has a 52 week low of $2.60 and a 52 week high of $4.71. The company has a market capitalization of $147.02 million, a price-to-earnings ratio of 20.28 and a beta of 1.43. The stock has a 50-day moving average price of $4.00 and a 200 day moving average price of $3.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SRT. Beryl Capital Management LLC lifted its holdings in Startek by 41.9% in the third quarter. Beryl Capital Management LLC now owns 872,089 shares of the business services provider’s stock valued at $2,616,000 after acquiring an additional 257,315 shares during the period. Millennium Management LLC lifted its holdings in Startek by 359.7% in the second quarter. Millennium Management LLC now owns 130,476 shares of the business services provider’s stock valued at $377,000 after acquiring an additional 102,091 shares during the period. Citadel Advisors LLC acquired a new position in Startek in the second quarter valued at approximately $173,000. Seizert Capital Partners LLC acquired a new position in Startek in the fourth quarter valued at approximately $214,000. Finally, Gladius Capital Management LP acquired a new position in Startek in the second quarter valued at approximately $52,000. 16.56% of the stock is owned by institutional investors and hedge funds.

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.