StarTek, Inc. (SRT) Reaches $6.48 52-Week Low; 1 Analysts Are Bullish Nordic American Tankers Limited (NAT) Last Week

May 14, 2018 - By Lawrence Diaz

StarTek, Inc. (NYSE:SRT) Logo

The stock of StarTek, Inc. (NYSE:SRT) hit a new 52-week low and has $6.22 target or 4.00% below today’s $6.48 share price. The 5 months bearish chart indicates high risk for the $105.08 million company. The 1-year low was reported on May, 14 by Barchart.com. If the $6.22 price target is reached, the company will be worth $4.20 million less. The stock decreased 7.16% or $0.5 during the last trading session, reaching $6.48. About 31,051 shares traded. StarTek, Inc. (NYSE:SRT) has risen 16.02% since May 14, 2017 and is uptrending. It has outperformed by 4.47% the S&P500.

Among 9 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Nordic American Tanker Shipping had 32 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Tuesday, May 10 by Jefferies. The firm has “Sell” rating by Maxim Group given on Thursday, December 14. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) on Friday, February 9 with “Sell” rating. The firm has “Hold” rating by Seaport Global given on Monday, February 12. Jefferies maintained Nordic American Tankers Limited (NYSE:NAT) rating on Thursday, October 19. Jefferies has “Sell” rating and $4.0 target. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) rating on Monday, April 30. Maxim Group has “Sell” rating and $100 target. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. Wells Fargo initiated the shares of NAT in report on Wednesday, November 16 with “Market Perform” rating. Jefferies maintained the stock with “Sell” rating in Monday, July 17 report. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Sell” rating given on Monday, October 23 by Maxim Group. See Nordic American Tankers Limited (NYSE:NAT) latest ratings:

30/04/2018 Broker: Maxim Group Rating: Sell New Target: $1.0000 Maintain
25/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $2.5 New Target: $2.25 Maintain
20/04/2018 Broker: Jefferies Rating: Hold New Target: $2.5000 Maintain
13/02/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $4 New Target: $2 Maintain
12/02/2018 Broker: Seaport Global Rating: Hold New Target: $2.5 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $5 New Target: $2.5 Maintain
09/02/2018 Broker: Maxim Group Rating: Sell New Target: $1.0 Maintain
04/01/2018 Broker: Seaport Global Rating: Hold New Target: $3.0 Maintain
14/12/2017 Broker: Maxim Group Rating: Sell New Target: $2.0 Maintain
14/12/2017 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade

More news for Nordic American Tankers Limited (NYSE:NAT) were recently published by: Globenewswire.com, which released: “Nordic American Tankers Limited (NYSE:NAT) – Adjustment of the fleet – Dividend to be prioritized” on May 03, 2018. Globenewswire.com‘s article titled: “Nordic American Tankers Limited (NYSE:NAT) – Dividend to remain a priority. We are optimistic on tanker market …” and published on April 27, 2018 is yet another important article.

The stock decreased 1.47% or $0.03 during the last trading session, reaching $2.01. About 196,423 shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 75.38% since May 14, 2017 and is downtrending. It has underperformed by 86.93% the S&P500.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The company has market cap of $285.36 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

Among 2 analysts covering StarTek (NYSE:SRT), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. StarTek had 7 analyst reports since November 8, 2016 according to SRatingsIntel. The stock has “Buy” rating by Lake Street on Wednesday, February 22. Robert W. Baird maintained StarTek, Inc. (NYSE:SRT) on Thursday, March 15 with “Hold” rating. The stock of StarTek, Inc. (NYSE:SRT) earned “Buy” rating by Lake Street on Tuesday, November 8. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, October 3. Robert W. Baird maintained it with “Hold” rating and $12.0 target in Wednesday, January 24 report. Robert W. Baird maintained StarTek, Inc. (NYSE:SRT) rating on Friday, September 1. Robert W. Baird has “Hold” rating and $12.0 target.

StarTek, Inc. provides business process outsourcing services in the United States, Canada, Honduras, Jamaica, and the Philippines. The company has market cap of $105.08 million. It operates in three divisions: Domestic, Nearshore, and Offshore. It currently has negative earnings. 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.

More recent StarTek, Inc. (NYSE:SRT) news were published by: Seekingalpha.com which released: “Startek’s (SRT) CEO Chad Carlson on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. Also Seekingalpha.com published the news titled: “Startek To Merge With Aegis: A Truly Compelling Combination” on April 24, 2018. Businesswire.com‘s news article titled: “STARTEK Reports First Quarter 2018 Results” with publication date: May 08, 2018 was also an interesting one.

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.51, from 1.41 in 2017Q3. It is negative, as 12 investors sold StarTek, Inc. shares while 18 reduced holdings. 12 funds opened positions while 15 raised stakes. 6.23 million shares or 10.55% less from 6.96 million shares in 2017Q3 were reported. Parallax Volatility Advisers L P invested in 0% or 1,512 shares. Arrowstreet Cap Lp has 141,725 shares. Renaissance Limited Liability Corporation invested 0.01% of its portfolio in StarTek, Inc. (NYSE:SRT). Cadence Mgmt Ltd Liability owns 62,231 shares. Heartland invested in 0.57% or 895,000 shares. Us National Bank De reported 45 shares stake. Los Angeles Mgmt And Equity Research accumulated 18,584 shares. Acadian Asset Mngmt reported 89,477 shares. National Bank & Trust Of Montreal Can accumulated 3,044 shares. Royal Comml Bank Of Canada has 71 shares. Invesco holds 0% of its portfolio in StarTek, Inc. (NYSE:SRT) for 39,433 shares. California Pub Employees Retirement Systems has 0% invested in StarTek, Inc. (NYSE:SRT). Bancshares Of Mellon Corporation holds 0% or 80,164 shares. Deutsche State Bank Ag invested in 23,106 shares or 0% of the stock. Northern Trust Corporation owns 0% invested in StarTek, Inc. (NYSE:SRT) for 130,396 shares.

StarTek, Inc. (NYSE:SRT) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>