StarTek (NYSE:SRT) issued its earnings results on Thursday. The business services provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.04), Morningstar.com reports. The company had revenue of $151.51 million for the quarter, compared to analysts’ expectations of $66.44 million. StarTek had a negative return on equity of 16.48% and a negative net margin of 6.49%.
SRT stock traded down $0.36 during trading on Friday, hitting $5.67. 149,400 shares of the company’s stock traded hands, compared to its average volume of 102,544. The firm has a market cap of $226.40 million, a price-to-earnings ratio of -70.88 and a beta of 0.48. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.84. StarTek has a 1 year low of $5.26 and a 1 year high of $14.27.
Hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new position in StarTek during the second quarter valued at approximately $316,000. Raymond James & Associates purchased a new position in StarTek during the second quarter valued at approximately $277,000. Dimensional Fund Advisors LP increased its holdings in StarTek by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 856,232 shares of the business services provider’s stock valued at $5,386,000 after buying an additional 17,482 shares during the period. Renaissance Technologies LLC increased its holdings in StarTek by 10.5% during the second quarter. Renaissance Technologies LLC now owns 939,600 shares of the business services provider’s stock valued at $5,910,000 after buying an additional 89,400 shares during the period. Finally, LMR Partners LLP purchased a new position in StarTek during the second quarter valued at approximately $160,000. 14.47% of the stock is currently owned by institutional investors.
SRT has been the topic of a number of research reports. Zacks Investment Research raised shares of StarTek from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 17th. ValuEngine raised shares of StarTek from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.50.
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StarTek, Inc operates as a customer engagement business process outsourcing services provider that delivers contact center and customer engagement solutions. It offers technical and product support, sales support, provisioning and order processing, receivables management, healthcare services, up-sell and cross-sell program, and customer intelligence analytics; and additional services, such as technology enabled and human interaction to other industry-specific processes, including training curriculum development, workforce management, customer analytics, quality monitoring services, and dispositions.
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