Somewhat Positive News Coverage Somewhat Unlikely to Impact StarTek (SRT) Stock Price
News coverage about StarTek (NYSE:SRT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. StarTek earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.9841975134276 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
StarTek (SRT) opened at 11.73 on Thursday. The stock has a market cap of $187.08 million, a PE ratio of 44.77 and a beta of -0.05. The firm has a 50-day moving average price of $12.14 and a 200 day moving average price of $10.60. StarTek has a 52-week low of $5.40 and a 52-week high of $14.78.
StarTek (NYSE:SRT) last released its 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 for the quarter, compared to the consensus estimate of $76.84 million. StarTek had a return on equity of 9.60% and a net margin of 1.43%. During the same period in the previous year, the business earned ($0.11) earnings per share. On average, analysts forecast that StarTek will post $0.30 earnings per share for the current fiscal year.
SRT has been the subject of several recent research reports. Zacks Investment Research downgraded StarTek from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Lake Street Capital boosted their price objective on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th.
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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