News coverage about StarTek (NYSE:SRT) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. StarTek earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.3097854738721 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of SRT traded down $0.04 during midday trading on Friday, hitting $9.72. 93,176 shares of the stock were exchanged, compared to its average volume of 118,336. StarTek has a 52-week low of $8.61 and a 52-week high of $14.78. The firm has a market cap of $156.10, a P/E ratio of -122.00 and a beta of 0.21. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.47.
StarTek (NYSE:SRT) last released its quarterly earnings results on Thursday, March 15th. The business services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.16). The firm had revenue of $71.60 million for the quarter, compared to analysts’ expectations of $70.02 million. StarTek had a negative return on equity of 2.68% and a negative net margin of 0.44%. During the same quarter in the prior year, the business earned $0.09 earnings per share. sell-side analysts expect that StarTek will post 0.04 earnings per share for the current year.
Several brokerages recently weighed in on SRT. Lake Street Capital increased their price objective on StarTek from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Robert W. Baird reiterated a “hold” rating and issued a $12.00 price objective on shares of StarTek in a research report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded StarTek from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd.
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StarTek, Inc provides business process outsourcing services in the United States, Canada, Honduras, Jamaica, and the Philippines. It operates in three segments: Domestic, Nearshore, and Offshore. The company's service offerings include customer care, sales support, inbound sales, complex order processing, accounts receivable management, technical and product support, up-sell and cross-sell opportunities, customer intelligence analytics, and other industry-specific processes.
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