StarTek (SRT) Getting Somewhat Positive Press Coverage, Analysis Finds

News coverage about StarTek (NYSE:SRT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. StarTek earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 44.1539782521064 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several research firms have recently commented on SRT. Lake Street Capital lifted their price target on StarTek from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Robert W. Baird reiterated a “hold” rating and set a $12.00 price target on shares of StarTek in a report on Wednesday, October 4th. Finally, Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a report on Thursday, August 17th.

Shares of StarTek (SRT) traded up 0.68% during mid-day trading on Friday, reaching $11.79. 76,157 shares of the company traded hands. The stock has a market capitalization of $188.04 million, a price-to-earnings ratio of 45.00 and a beta of -0.06. StarTek has a 52-week low of $6.46 and a 52-week high of $14.78. The company’s 50 day moving average is $11.70 and its 200 day moving average is $11.28.

StarTek (NYSE:SRT) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $73.98 million for the quarter, compared to analyst estimates 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 prior year, the company posted ($0.11) EPS. On average, equities analysts forecast that StarTek will post $0.30 earnings per share for the current year.

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About StarTek

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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