Published On: Tue, Sep 20th, 2016

StarTek Inc. (SRT) Reaches New 1-Year High at $5.93

StarTek Inc. (NYSE:SRT)’s share price hit a new 52-week high on Monday . The stock traded as high as $5.93 and last traded at $5.90, with a volume of 11,584 shares traded. The stock had previously closed at $5.65.
SRT has been the topic of several research reports. TheStreet upgraded shares of StarTek from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th. Zacks Investment Research downgraded shares of StarTek from a “hold” rating to a “sell” rating in a report on Saturday, August 13th.
The company has a 50 day moving average of $5.05 and a 200-day moving average of $4.49. The company’s market cap is $92.83 million.

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StarTek (NYSE:SRT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.10. The company earned $73.70 million during the quarter, compared to analysts’ expectations of $76.55 million. StarTek had a negative net margin of 2.94% and a negative return on equity of 20.21%. Equities research analysts forecast that StarTek Inc. will post ($0.04) earnings per share for the current year.
A hedge fund recently raised its stake in StarTek stock. Renaissance Technologies LLC increased its stake in shares of StarTek Inc. (NYSE:SRT) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 476,000 shares of the company’s stock after buying an additional 9,800 shares during the period. Renaissance Technologies LLC owned 3.05% of StarTek worth $1,999,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.48% of the company’s stock.
About StarTek
StarTek, Inc (STARTEK) is a customer engagement business process outsourcing (BPO) services company, which is delivering customer care solutions. The Company operates its business in three segments, based on the geographic regions: Domestic, Nearshore, and Offshore. Its Domestic segment includes the operations of approximately 10 facilities in the United States and one facility in Canada.

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