TDCX (NYSE:TDCX) Shares Gap Up to $8.69

TDCX Inc. (NYSE:TDCXGet Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.69, but opened at $9.06. TDCX shares last traded at $9.20, with a volume of 1,814 shares traded.

Separately, HSBC cut their price objective on TDCX from $17.50 to $16.50 in a report on Wednesday, May 25th.

The company has a fifty day simple moving average of $12.03 and a two-hundred day simple moving average of $13.97. The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.04.

TDCX (NYSE:TDCXGet Rating) last posted its earnings results on Wednesday, May 25th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $112.62 million for the quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in TDCX by 82.9% during the first quarter. Bank of America Corp DE now owns 927,065 shares of the company’s stock valued at $11,263,000 after purchasing an additional 420,246 shares in the last quarter. Martin Currie Ltd. raised its position in TDCX by 41.9% in the 1st quarter. Martin Currie Ltd. now owns 52,989 shares of the company’s stock worth $644,000 after purchasing an additional 15,644 shares during the last quarter. Neuberger Berman Group LLC raised its position in TDCX by 106.5% in the 1st quarter. Neuberger Berman Group LLC now owns 1,748,374 shares of the company’s stock worth $21,285,000 after purchasing an additional 901,605 shares during the last quarter. Goldman Sachs Group Inc. raised its position in TDCX by 41.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,838 shares of the company’s stock worth $39,534,000 after purchasing an additional 958,863 shares during the last quarter. Finally, Brinker Capital Investments LLC bought a new position in TDCX in the 1st quarter worth approximately $529,000.

About TDCX (NYSE:TDCX)

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.

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