Shares of StarTek, Inc. (NYSE:SRT) reached a new 52-week low on Wednesday . The stock traded as low as $5.65 and last traded at $5.70, with a volume of 2513 shares changing hands. The stock had previously closed at $5.89.

SRT has been the topic of several research reports. Zacks Investment Research cut shares of StarTek from a “hold” rating to a “strong sell” rating in a research report on Friday, August 10th. TheStreet cut shares of StarTek from a “c-” rating to a “d+” rating in a research report on Monday, May 21st. Finally, ValuEngine upgraded shares of StarTek from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.67.

The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market cap of $214.56 million, a price-to-earnings ratio of -67.00 and a beta of 0.27.

StarTek (NYSE:SRT) last released its earnings results on Tuesday, August 7th. The business services provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.13). StarTek had a negative net margin of 6.49% and a negative return on equity of 16.48%. The business had revenue of $59.72 million for the quarter, compared to the consensus estimate of $68.78 million. analysts forecast that StarTek, Inc. will post -0.35 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of StarTek during the 2nd quarter valued at $118,000. LMR Partners LLP bought a new position in shares of StarTek during the 2nd quarter valued at $160,000. Raymond James & Associates bought a new position in shares of StarTek during the 2nd quarter valued at $277,000. Paloma Partners Management Co bought a new position in shares of StarTek during the 2nd quarter valued at $316,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of StarTek by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 856,232 shares of the business services provider’s stock valued at $5,386,000 after purchasing an additional 17,482 shares during the last quarter. 14.47% of the stock is currently owned by institutional investors.

About StarTek (NYSE:SRT)

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.

Featured Article: New Google Finance Tool and Screening Stocks

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.