TDCX (NYSE:TDCX) Shares Down 0.3%

Shares of TDCX Inc. (NYSE:TDCX) were down 0.3% during mid-day trading on Thursday . The company traded as low as $7.06 and last traded at $7.07. Approximately 27,821 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 287,831 shares. The stock had previously closed at $7.09.

Wall Street Analysts Forecast Growth

Separately, HSBC lowered shares of TDCX from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th.

TDCX Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.64 and a quick ratio of 8.16. The stock’s fifty day moving average is $6.87 and its 200-day moving average is $5.86. The stock has a market capitalization of $1.02 billion, a P/E ratio of 11.40 and a beta of 0.29.

TDCX (NYSE:TDCX) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $120.43 million during the quarter, compared to analysts’ expectations of $118.67 million. TDCX had a return on equity of 18.91% and a net margin of 18.24%. On average, equities analysts anticipate that TDCX Inc. will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On TDCX

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in TDCX during the 1st quarter worth about $26,000. Qube Research & Technologies Ltd acquired a new stake in shares of TDCX during the 3rd quarter worth approximately $27,000. Barclays PLC acquired a new stake in shares of TDCX during the 2nd quarter worth approximately $31,000. Royal Bank of Canada raised its stake in shares of TDCX by 1,120.4% during the third quarter. Royal Bank of Canada now owns 3,649 shares of the company’s stock worth $35,000 after buying an additional 3,350 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in TDCX by 53.8% in the first quarter. GAMMA Investing LLC now owns 5,365 shares of the company’s stock valued at $38,000 after acquiring an additional 1,876 shares during the last quarter. 10.95% of the stock is owned by institutional investors and hedge funds.

TDCX Company Profile

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.