Startek (NYSE:SRT) Stock Price Passes Above Two Hundred Day Moving Average of $3.59

Startek, Inc. (NYSE:SRTGet Rating)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.59 and traded as high as $4.11. Startek shares last traded at $4.05, with a volume of 9,283 shares changing hands.

Wall Street Analysts Forecast Growth

SRT has been the topic of several analyst reports. B. Riley reiterated a “buy” rating on shares of Startek in a research note on Thursday, November 10th. StockNews.com initiated coverage on Startek in a research note on Tuesday. They set a “buy” rating on the stock. Finally, Barrington Research reissued an “outperform” rating on shares of Startek in a research note on Wednesday, October 5th.

Startek Trading Up 1.0 %

The firm has a market capitalization of $168.78 million, a price-to-earnings ratio of 23.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50-day simple moving average is $3.77 and its 200 day simple moving average is $3.60.

Startek (NYSE:SRTGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Startek had a net margin of 1.09% and a return on equity of 5.55%. The firm had revenue of $163.14 million for the quarter, compared to analyst estimates of $173.01 million. Equities analysts expect that Startek, Inc. will post 0.37 earnings per share for the current year.

Institutional Trading of Startek

A number of institutional investors have recently bought and sold shares of SRT. Ritholtz Wealth Management acquired a new position in shares of Startek during the fourth quarter valued at about $39,000. Vanguard Group Inc. raised its holdings in shares of Startek by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 535,877 shares of the business services provider’s stock worth $1,607,000 after acquiring an additional 7,500 shares during the last quarter. Beryl Capital Management LLC raised its holdings in shares of Startek by 41.9% in the 3rd quarter. Beryl Capital Management LLC now owns 872,089 shares of the business services provider’s stock worth $2,616,000 after acquiring an additional 257,315 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Startek in the 3rd quarter worth about $31,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Startek in the 2nd quarter worth about $173,000. Institutional investors own 16.56% of the company’s stock.

About Startek

(Get Rating)

Startek, Inc is a global business process outsourcing company that provides Omni channel customer interactions, technology and back-office support solutions. It operates under the Startek and Aegis brands, which helps the large global companies to connect emotionally with their customers, solve issues, and improve net promoter scores and other customer-facing performance metrics.

Further Reading

Receive News & Ratings for Startek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Startek and related companies with MarketBeat.com's FREE daily email newsletter.