StarTek (NYSE:SRT) Receiving Favorable News Coverage, Study Finds
Media stories about StarTek (NYSE:SRT) have trended positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. StarTek earned a news impact score of 0.28 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 35 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- StarTek, Inc. (NYSE:SRT) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Everest Group Names STARTEK as a Major Contender in the 2017 Contact Center Outsourcing PEAK Matrix™ Assessment (finance.yahoo.com)
- Head-To-Head Contrast: StarTek (SRT) & WNS (Holdings) Limited (WNS) (americanbankingnews.com)
- Contrasting WNS (Holdings) Limited (WNS) and StarTek (NYSE:SRT) (americanbankingnews.com)
StarTek (SRT) traded down 1.41% during mid-day trading on Friday, reaching $12.61. 71,692 shares of the company’s stock were exchanged. StarTek has a 1-year low of $4.15 and a 1-year high of $13.83. The stock has a market capitalization of $200.47 million, a PE ratio of 96.26 and a beta of -0.07. The firm’s 50-day moving average is $11.22 and its 200 day moving average is $9.34.
Separately, Zacks Investment Research upgraded shares of StarTek from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Saturday, May 13th.
In related news, Director Arnaud Ajdler sold 119,919 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $11.35, for a total transaction of $1,361,080.65. Following the sale, the director now owns 37,507 shares of the company’s stock, valued at $425,704.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.80% of the stock is currently owned by insiders.
StarTek Company Profile
StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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