TeleTech (NASDAQ:TTEC) Shares Pass Above 200-Day Moving Average - What's Next?

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.23 and traded as high as $4.96. TeleTech shares last traded at $4.88, with a volume of 273,515 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTEC shares. Wall Street Zen raised TeleTech from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Canaccord Genuity Group cut their price objective on TeleTech from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday, March 3rd.

TeleTech Price Performance

The stock has a market cap of $231.50 million, a price-to-earnings ratio of -0.73, a PEG ratio of 0.35 and a beta of 1.28. The company's 50 day moving average is $4.78 and its 200 day moving average is $4.22. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.96 and a quick ratio of 1.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TTEC. SummerHaven Investment Management LLC grew its holdings in shares of TeleTech by 3.0% during the first quarter. SummerHaven Investment Management LLC now owns 131,506 shares of the business services provider's stock worth $433,000 after buying an additional 3,804 shares in the last quarter. Barclays PLC lifted its stake in shares of TeleTech by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock valued at $189,000 after buying an additional 4,117 shares during the period. Invesco Ltd. boosted its position in TeleTech by 4.8% during the first quarter. Invesco Ltd. now owns 91,912 shares of the business services provider's stock worth $302,000 after acquiring an additional 4,231 shares during the last quarter. American Century Companies Inc. boosted its position in TeleTech by 13.4% during the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock worth $182,000 after acquiring an additional 4,313 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in TeleTech by 24.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock worth $128,000 after acquiring an additional 4,981 shares during the period. Institutional investors and hedge funds own 38.03% of the company's stock.

TeleTech Company Profile

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.