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TeleTech (NASDAQ:TTEC) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

TeleTech logo with Business Services background

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.22 and traded as high as $4.99. TeleTech shares last traded at $4.98, with a volume of 119,294 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded TeleTech from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.

Read Our Latest Research Report on TeleTech

TeleTech Stock Up 3.5%

The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $246.58 million, a PE ratio of -0.77, a PEG ratio of 0.37 and a beta of 1.26. The firm has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $4.22.

Institutional Trading of TeleTech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Quantbot Technologies LP grew its holdings in TeleTech by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after buying an additional 7,527 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TeleTech by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after purchasing an additional 7,347 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of TeleTech in the 4th quarter valued at about $85,000. Shay Capital LLC acquired a new position in shares of TeleTech in the 4th quarter valued at about $86,000. Finally, AE Wealth Management LLC lifted its stake in shares of TeleTech by 27.1% in the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock valued at $86,000 after purchasing an additional 5,560 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company's stock.

About TeleTech

(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.

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