Shares of StarTek, Inc. (NYSE:SRT) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a 1-year consensus price objective of $12.00 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given StarTek an industry rank of 38 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on SRT shares. Zacks Investment Research lowered shares of StarTek from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Robert W. Baird restated a “hold” rating and set a $12.00 target price on shares of StarTek in a research report on Wednesday, October 4th. Royal Bank Of Canada lowered their target price on shares of StarTek from C$11.25 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, November 6th. Finally, Lake Street Capital raised their target price on shares of StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th.

Shares of StarTek (SRT) traded down $0.08 on Thursday, hitting $9.67. 82,845 shares of the stock were exchanged, compared to its average volume of 94,335. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $156.10, a price-to-earnings ratio of 69.07 and a beta of -0.12. StarTek has a twelve month low of $7.51 and a twelve month high of $14.78.

A number of large investors have recently bought and sold shares of the stock. Algert Global LLC grew its position in StarTek by 39.2% in the 3rd quarter. Algert Global LLC now owns 158,066 shares of the business services provider’s stock valued at $1,857,000 after buying an additional 44,473 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in StarTek by 222.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 38,700 shares of the business services provider’s stock valued at $454,000 after buying an additional 26,700 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in StarTek in the 3rd quarter valued at $235,000. Wells Fargo & Company MN grew its position in StarTek by 5,122,600.0% in the 3rd quarter. Wells Fargo & Company MN now owns 51,227 shares of the business services provider’s stock valued at $602,000 after buying an additional 51,226 shares during the last quarter. Finally, EAM Investors LLC grew its position in StarTek by 307.8% in the 3rd quarter. EAM Investors LLC now owns 183,761 shares of the business services provider’s stock valued at $2,159,000 after buying an additional 138,694 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

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StarTek Company Profile

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.

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