ValuEngine upgraded shares of StarTek (NYSE:SRT) from a hold rating to a buy rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded StarTek from a strong sell rating to a hold rating in a report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $13.50.

Shares of SRT opened at $6.30 on Friday. StarTek has a 52-week low of $5.26 and a 52-week high of $14.27. The company has a market capitalization of $239.78 million, a price-to-earnings ratio of -78.75 and a beta of 0.48. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.48.

StarTek (NYSE:SRT) last announced its earnings results on Thursday, November 8th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.04). StarTek had a negative net margin of 7.75% and a negative return on equity of 6.88%. The business had revenue of $151.51 million during the quarter, compared to analyst estimates of $66.44 million. Sell-side analysts expect that StarTek will post -0.63 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of StarTek by 2.6% in the 3rd quarter. BlackRock Inc. now owns 391,592 shares of the business services provider’s stock valued at $2,592,000 after acquiring an additional 9,751 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of StarTek by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,704 shares of the business services provider’s stock valued at $349,000 after acquiring an additional 13,590 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of StarTek by 2.1% in 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 acquiring an additional 17,482 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of StarTek in the 2nd quarter valued at approximately $118,000. Finally, LMR Partners LLP bought a new position in StarTek during the 2nd quarter worth $160,000. Institutional investors and hedge funds own 12.10% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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