TeleTech (NASDAQ:TTEC) Stock Crosses Above 200 Day Moving Average - Should You Sell?

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) shares crossed 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 traded.

Wall Street Analysts Forecast Growth

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

TeleTech Price Performance

The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 3.42. The company's 50-day simple moving average is $5.10 and its 200 day simple moving average is $4.25. The company has a market capitalization of $258.28 million, a P/E ratio of -0.81, a P/E/G ratio of 0.56 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TTEC. Federated Hermes Inc. raised its holdings in TeleTech by 79.3% during the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider's stock worth $6,719,000 after buying an additional 903,090 shares during the period. Union Square Park Capital Management LLC acquired a new stake in shares of TeleTech in the fourth quarter valued at approximately $4,441,000. Alyeska Investment Group L.P. raised its holdings in shares of TeleTech by 118.7% in the fourth 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 purchasing an additional 813,479 shares during the last quarter. Beryl Capital Management LLC bought a new position in shares of TeleTech in the fourth quarter valued at $2,385,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of TeleTech by 239.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider's stock valued at $2,077,000 after acquiring an additional 445,440 shares during the period. Institutional investors own 38.03% of the company's stock.

About TeleTech

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.