TeleTech (NASDAQ:TTEC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

TeleTech Holdings, Inc. (NASDAQ:TTEC)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.19 and traded as high as $2.52. TeleTech shares last traded at $2.40, with a volume of 22,159,520 shares trading hands.

Analyst Ratings Changes

TTEC has been the subject of a number of recent analyst reports. Zacks Research raised shares of TeleTech from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Thursday, October 15th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

TeleTech Stock Performance

The stock has a market capitalization of $146.16 million, a PE ratio of -0.72, a P/E/G ratio of 0.80 and a beta of 0.90. The company has a debt-to-equity ratio of 9.70, a quick ratio of 1.87 and a current ratio of 1.76. The firm has a 50 day moving average of $1.45 and a 200-day moving average of $2.19.

TeleTech (NASDAQ:TTEC) last released its earnings results on Monday, November 9th. The business services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $492.25 million for the quarter, compared to analysts’ expectations of $480.20 million. TeleTech had a positive return on equity of 30.63% and a negative net margin of 9.96%. Research analysts forecast that TeleTech Holdings, Inc. will post 0.60 earnings per share for the current year.

Institutional Investors Weigh In On TeleTech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Empowered Funds LLC boosted its stake in shares of TeleTech by 125.3% during the 1st quarter. Empowered Funds LLC now owns 127,304 shares of the business services provider’s stock valued at $318,000 after buying an additional 70,805 shares during the period. Lazard Asset Management LLC purchased a new position in shares of TeleTech during the 1st quarter valued at $87,000. Renaissance Technologies LLC increased its stake in shares of TeleTech by 29.7% in the first quarter. Renaissance Technologies LLC now owns 56,700 shares of the business services provider’s stock worth $142,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of TeleTech by 15.4% in the first quarter. Dimensional Fund Advisors LP now owns 682,344 shares of the business services provider’s stock worth $1,705,000 after acquiring an additional 91,167 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TeleTech Company Profile

TeleTech, now known as TTEC Holdings, Inc. (NASDAQ:TTEC), is a global customer experience technology and services company. Founded in 1982 by Kenneth Tuchman, the company helps organizations design, build and manage customer interactions across digital and traditional channels. TTEC’s services include customer care, technical support, sales and marketing, trust and safety, consulting, artificial intelligence, automation, analytics, cloud technologies and customer experience strategy. Its offerings are delivered through a combination of customer experience software, technology platforms and outsourced business-process services.