StockNews.com Downgrades Startek (NYSE:SRT) to Hold

StockNews.com lowered shares of Startek (NYSE:SRTGet Rating) from a buy rating to a hold rating in a research note published on Friday morning.

Several other equities analysts have also commented on the company. TheStreet raised Startek from a d+ rating to a c- rating in a report on Friday, August 26th. Barrington Research reissued an outperform rating on shares of Startek in a report on Wednesday, October 5th.

Startek Stock Up 3.9 %

Shares of NYSE SRT opened at $3.18 on Friday. The stock has a market cap of $128.09 million, a P/E ratio of 17.67 and a beta of 1.52. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. Startek has a 12-month low of $2.60 and a 12-month high of $5.34. The business’s fifty day simple moving average is $3.46 and its 200-day simple moving average is $3.46.

Hedge Funds Weigh In On Startek

Several hedge funds have recently made changes to their positions in SRT. Strs Ohio grew its holdings in shares of Startek by 86.4% during the first quarter. Strs Ohio now owns 61,500 shares of the business services provider’s stock worth $272,000 after purchasing an additional 28,500 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Startek during the first quarter worth about $41,000. Dimensional Fund Advisors LP grew its holdings in shares of Startek by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 744,686 shares of the business services provider’s stock worth $3,299,000 after purchasing an additional 11,734 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 worth $252,000 after purchasing an additional 11,892 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in shares of Startek during the second quarter worth about $52,000. Hedge funds and other 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.

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