TDCX (NYSE:TDCX) Trading Down 0.3%

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

Analyst Ratings Changes

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

TDCX Trading Down 0.3 %

The company has a 50 day moving average of $6.87 and a 200-day moving average of $5.86. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 11.40 and a beta of 0.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.16 and a current ratio of 7.64.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of TDCX by 53.8% during the 1st quarter. GAMMA Investing LLC now owns 5,365 shares of the company’s stock worth $38,000 after buying an additional 1,876 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of TDCX in the fourth quarter worth $380,000. Vident Advisory LLC lifted its position in shares of TDCX by 10.4% in the fourth quarter. Vident Advisory LLC now owns 76,650 shares of the company’s stock valued at $372,000 after acquiring an additional 7,192 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of TDCX during the fourth quarter valued at $53,000. Finally, Carmignac Gestion raised its stake in TDCX by 9.1% in the 4th quarter. Carmignac Gestion now owns 120,000 shares of the company’s stock valued at $582,000 after purchasing an additional 10,000 shares during the last quarter. 10.95% of the stock is currently owned by hedge funds and other institutional investors.

About 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.