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TeleTech (NASDAQ:TTEC) Share Price Passes Above 200-Day Moving Average - What's Next?

TeleTech logo with Business Services background

Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.24 and traded as high as $5.10. TeleTech shares last traded at $5.06, with a volume of 170,202 shares.

Analyst Ratings Changes

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

View Our Latest Stock Report on TeleTech

TeleTech Stock Down 0.4%

The business's 50 day moving average is $5.10 and its 200-day moving average is $4.26. The stock has a market cap of $251.59 million, a price-to-earnings ratio of -0.79, a PEG ratio of 0.55 and a beta of 1.26. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.96 and a current ratio of 1.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TTEC. Proficio Capital Partners LLC purchased a new stake in TeleTech during the fourth quarter worth about $85,000. Raymond James Financial Inc. acquired a new stake in shares of TeleTech in the fourth quarter valued at approximately $142,000. Quantbot Technologies LP boosted its holdings in shares of TeleTech by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after acquiring an additional 7,527 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 4,313 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of TeleTech by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after purchasing an additional 7,347 shares during the period. Institutional investors and hedge funds 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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