Notable News Spotlight: TTEC Holdings (NASDAQ:TTEC)

TTEC Holdings (NASDAQ:TTEC) changed 12.98% to recent value of $33.95. The stock transacted 198319 shares during most recent day however it has an average volume of 178.99K shares. It spotted trading -32.71% off 52-week high price. On the other end, the stock has been noted 29.19% away from the low price over the last 52-weeks.

On March 24, 2020, TTEC Holdings (NASDAQ:TTEC) a leading digital global customer experience technology and services company focused on the design, implementation and delivery of transformative solutions for many of the world’s most iconic and disruptive brands, reported the following business update.

TTEC’s priority is the health and safety of its employees, clients’ service, and support of communities where it operates during these rapidly changing and unprecedented times. TTEC began preparing for the potential consequences of coronavirus/COVID-19 outbreak over two months ago. The company continues to serve its clients’ evolving needs through proactively leveraging its global contact center technology infrastructure and ensuring that its employees and clients have the access, tools, and technology they require to continue working safely and efficiently.

The company’s approach to @home work and business continuity support has been built over many decades, and includes helping clients establish and execute contingency plans across their operations with rapid deployment of scaled @home resources, on-demand remote capacity, and virtual technology solutions that help reduce risk and provide frontline assistance during this crisis.

Recent government-imposed restrictions around the world have significantly impacted businesses and their workforces. Certain TTEC operating centers have been affected by local lockdowns and restrictions on facilities access. Others may be impacted as the coronavirus/COVID-19 spreads. Given the overall uncertainty and fluidity of the current global pandemic response, coupled with how various government-imposed limitations may translate into client service delivery constraints, TTEC is withdrawing the guidance provided on March 4, 2020. TTEC continues to be highly engaged with new and existing clients leveraging its technology solutions and service capabilities to help its clients and their customers in this time of need. The company will provide more detailed analysis in conjunction with its first quarter 2020 earnings report.

TTEC has a gross margin of 27.50% and an operating margin of 7.50% while its profit margin remained 4.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 113.70% for this year while earning per share for the next 5-years is expected to reach at 8.55%.

The company has 44.24M of outstanding shares and 17.94M shares were floated in the market. According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.87% from the mean of 20 days, -13.42% from mean of 50 days SMA and performed -21.99% from mean of 200 days price. Company’s performance for the week was 16.23%, -20.29% for month and YTD performance remained -14.31%.

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