TDCX (NYSE:TDCX) Shares Gap Up to $4.81

TDCX Inc. (NYSE:TDCX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.81, but opened at $4.94. TDCX shares last traded at $4.87, with a volume of 2,856 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDCX. HSBC upgraded TDCX from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Thursday, August 24th. JPMorgan Chase & Co. upgraded TDCX from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $9.80 to $7.40 in a research note on Monday, October 30th.

TDCX Stock Performance

The company has a 50 day moving average price of $5.27 and a 200-day moving average price of $6.74. The company has a current ratio of 7.35, a quick ratio of 7.35 and a debt-to-equity ratio of 0.03. The company has a market cap of $701.40 million, a P/E ratio of 8.59 and a beta of -0.02.

TDCX (NYSE:TDCX) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. TDCX had a return on equity of 18.68% and a net margin of 16.37%. The company had revenue of $126.22 million for the quarter, compared to analyst estimates of $127.25 million. During the same quarter last year, the company posted $0.13 EPS. On average, equities analysts expect that TDCX Inc. will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new position in TDCX during the 1st quarter worth about $26,000. Qube Research & Technologies Ltd acquired a new position in shares of TDCX in the 3rd quarter valued at about $27,000. Barclays PLC acquired a new position in shares of TDCX in the 2nd quarter valued at about $31,000. Royal Bank of Canada lifted its stake in shares of TDCX by 1,120.4% in the 3rd quarter. Royal Bank of Canada now owns 3,649 shares of the company’s stock valued at $35,000 after purchasing an additional 3,350 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TDCX by 5,628.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,728 shares of the company’s stock valued at $54,000 after purchasing an additional 5,628 shares during the period. 10.47% of the stock is owned by institutional investors and hedge funds.

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.