StarTek (NYSE:SRT) Downgraded to “Hold” at ValuEngine

StarTek (NYSE:SRT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.

Separately, Zacks Investment Research upgraded shares of StarTek from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 10th.

Shares of SRT traded up $0.27 during trading hours on Monday, hitting $7.98. 48,564 shares of the stock were exchanged, compared to its average volume of 52,422. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. The stock has a market cap of $288.71 million, a PE ratio of -99.75 and a beta of 0.48. StarTek has a fifty-two week low of $5.26 and a fifty-two week high of $11.52.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 last quarter. BlackRock Inc. grew its holdings in shares of StarTek by 0.4% during the fourth quarter. BlackRock Inc. now owns 393,187 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 1,595 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of StarTek by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 52,704 shares of the business services provider’s stock valued at $349,000 after buying an additional 13,590 shares during the last quarter. Finally, Raymond James & Associates acquired a new position in shares of StarTek during the second quarter valued at about $277,000. Hedge funds and other institutional investors own 10.84% of the company’s stock.

StarTek Company Profile

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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