TDCX (NYSE:TDCX) Trading 3.4% Higher

TDCX Inc. (NYSE:TDCX – Get Rating)’s share price traded up 3.4% during trading on Friday . The stock traded as high as $10.13 and last traded at $10.03. 23,528 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 79,650 shares. The stock had previously closed at $9.70.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HSBC lowered TDCX from a “buy” rating to a “hold” rating and set a $13.00 target price for the company. in a research note on Wednesday, March 8th. JPMorgan Chase & Co. lowered TDCX from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.10 to $12.10 in a research note on Wednesday, March 8th.

TDCX Price Performance

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 19.61 and a beta of 0.28. The company has a quick ratio of 6.31, a current ratio of 6.59 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $11.85.

Institutional Investors Weigh In On TDCX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in TDCX during the fourth quarter worth about $26,000. Royal Bank of Canada boosted its position in shares of TDCX by 1,120.4% in 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 period. Ronald Blue Trust Inc. purchased a new stake in shares of TDCX in the second quarter worth about $45,000. Tower Research Capital LLC TRC boosted its position in shares of TDCX by 5,628.0% in the third quarter. Tower Research Capital LLC TRC now owns 5,728 shares of the company’s stock worth $54,000 after buying an additional 5,628 shares during the period. Finally, UBS Group AG boosted its position in shares of TDCX by 372.1% in the fourth quarter. UBS Group AG now owns 4,924 shares of the company’s stock worth $61,000 after buying an additional 3,881 shares during the period. 11.92% of the stock is currently owned by institutional investors and hedge funds.

TDCX Company Profile

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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.