StarTek, Inc. (NYSE:SRT – Get Rating) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 553,500 shares, an increase of 26.3% from the April 15th total of 438,300 shares. Based on an average daily volume of 61,400 shares, the short-interest ratio is presently 9.0 days. Currently, 5.2% of the shares of the stock are sold short.
Shares of NYSE:SRT opened at $3.22 on Thursday. StarTek has a 52 week low of $2.69 and a 52 week high of $8.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $129.77 million, a PE ratio of 10.73 and a beta of 1.49. The firm has a 50 day simple moving average of $4.06 and a 200 day simple moving average of $4.53.
StarTek (NYSE:SRT – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The business services provider reported ($0.03) earnings per share (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 business had revenue of $167.32 million during the quarter, compared to analysts’ expectations of $168.39 million. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, equities analysts predict that StarTek will post 0.32 earnings per share for the current year.
A number of research analysts recently issued reports on the company. StockNews.com lowered StarTek from a “buy” rating to a “hold” rating in a report on Monday. Barrington Research lowered their price objective on shares of StarTek from $8.00 to $6.00 in a research note on Friday, March 11th. Finally, B. Riley cut their target price on shares of StarTek from $9.50 to $5.50 in a research note on Friday, March 11th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, StarTek presently has an average rating of “Hold” and an average target price of $6.38.
About StarTek (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.
- Get a free copy of the StockNews.com research report on StarTek (SRT)
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