StarTek (NYSE:SRT) Stock Rating Lowered by ValuEngine

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ValuEngine lowered shares of StarTek (NYSE:SRT) from a strong-buy rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. Lake Street Capital set a $12.00 target price on shares of StarTek and gave the company a buy rating in a research note on Friday, May 17th.

Shares of SRT stock opened at $7.03 on Thursday. The company has a 50-day moving average price of $8.00. StarTek has a twelve month low of $5.26 and a twelve month high of $8.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.13 and a quick ratio of 1.13.

StarTek (NYSE:SRT) last announced its earnings results on Wednesday, May 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). StarTek had a negative net margin of 5.21% and a negative return on equity of 8.22%. The firm had revenue of $161.14 million during the quarter.

In other news, Director Bharat Rao bought 274,064 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average price of $7.48 per share, with a total value of $2,049,998.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.92% of the company’s stock.

An institutional investor recently raised its position in StarTek stock. BlackRock Inc. grew its holdings in StarTek, Inc. (NYSE:SRT) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 393,187 shares of the business services provider’s stock after purchasing an additional 1,595 shares during the quarter. BlackRock Inc. owned approximately 1.06% of StarTek worth $2,614,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.43% of the company’s stock.

StarTek Company Profile

StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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