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

TeleTech Holdings, Inc. (NASDAQ:TTEC)’s share price passed 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised TeleTech from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th.

TeleTech Stock Up 0.4%

The company has a market capitalization of $238.19 million, a PE ratio of -0.75, a P/E/G ratio of 0.35 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. The company’s 50-day moving average is $4.85 and its 200 day moving average is $4.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in TeleTech in the 4th quarter worth approximately $85,000. Raymond James Financial Inc. bought a new stake in shares of TeleTech in the 4th quarter worth $142,000. Quantbot Technologies LP raised its stake 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 worth $64,000 after purchasing an additional 7,527 shares during the last quarter. 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 valued at $182,000 after purchasing an additional 4,313 shares in the last quarter. 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 valued at $84,000 after purchasing an additional 7,347 shares in the last quarter. 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.