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TeleTech (NASDAQ:TTEC) Stock Price Crosses Above 200 Day Moving Average - Here's Why

TeleTech logo with Business Services background

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.28 and traded as high as $5.26. TeleTech shares last traded at $4.97, with a volume of 235,124 shares.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of TeleTech from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Read Our Latest Analysis on TTEC

TeleTech Trading Down 38.0%

The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 3.42. The company's fifty day moving average is $5.05 and its 200-day moving average is $4.29. The firm has a market capitalization of $147.79 million, a P/E ratio of -0.46, a P/E/G ratio of 0.32 and a beta of 1.26.

Institutional Trading of TeleTech

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake in shares of TeleTech by 79.3% in the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider's stock valued at $6,719,000 after buying an additional 903,090 shares in the last quarter. Union Square Park Capital Management LLC acquired a new position in shares of TeleTech in the 4th quarter valued at $4,441,000. Alyeska Investment Group L.P. raised its stake in shares of TeleTech by 118.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock valued at $7,479,000 after buying an additional 813,479 shares in the last quarter. Beryl Capital Management LLC acquired a new stake in shares of TeleTech during the 4th quarter worth about $2,385,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TeleTech by 239.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider's stock valued at $2,077,000 after purchasing an additional 445,440 shares during the last quarter. 38.03% of the stock is owned by institutional investors.

TeleTech Company Profile

(Get Free Report)

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.

Further Reading

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