ValuEngine Lowers StarTek (NYSE:SRT) to Buy

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

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Garrett Motion from a sell rating to a hold rating in a report on Friday, May 10th. Lake Street Capital set a $12.00 price objective on shares of StarTek and gave the stock a buy rating in a report on Friday, May 17th.

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

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

In other StarTek news, Director Bharat Rao bought 274,064 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $7.48 per share, with a total value of $2,049,998.72. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.92% of the company’s stock.

An institutional investor recently raised its position in StarTek stock. BlackRock Inc. boosted its position in StarTek, Inc. (NYSE:SRT) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,187 shares of the business services provider’s stock after buying an additional 1,595 shares during the period. BlackRock Inc. owned approximately 1.06% of StarTek worth $2,614,000 as of its most recent SEC filing. Institutional investors 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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