Somewhat Positive News Coverage Somewhat Unlikely to Affect StarTek (SRT) Share Price
Media headlines about StarTek (NYSE:SRT) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. StarTek earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.3963920605585 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of StarTek (SRT) opened at 10.85 on Wednesday. The company has a market cap of $173.05 million, a P/E ratio of 41.41 and a beta of -0.05. StarTek has a one year low of $5.40 and a one year high of $14.78. The company’s 50 day moving average is $12.03 and its 200 day moving average is $10.66.
StarTek (NYSE:SRT) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $73.98 million during the quarter, compared to analyst estimates of $76.84 million. StarTek had a net margin of 1.43% and a return on equity of 9.60%. During the same quarter in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts predict that StarTek will post $0.30 earnings per share for the current year.
A number of brokerages have recently commented on SRT. Zacks Investment Research downgraded shares of StarTek from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Lake Street Capital lifted their price objective on shares of StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 10th.
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.
Receive News & Stock Ratings for StarTek Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StarTek Inc. and related stocks with our FREE daily email newsletter.