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TDCX (NYSE:TDCX) Shares Gap Down to $13.15

Defense World ·  Jan 13, 2023 04:32

Shares of TDCX Inc. (NYSE:TDCX – Get Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $13.15, but opened at $12.09. TDCX shares last traded at $12.09, with a volume of 22 shares trading hands.

TDCX Trading Up 4.4 %

The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 24.70 and a beta of 0.17. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.03. The business's 50 day simple moving average is $12.38 and its 200 day simple moving average is $10.45.

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TDCX (NYSE:TDCX – Get Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.14 EPS for the quarter. The firm had revenue of $120.48 million during the quarter, compared to analysts' expectations of $120.52 million. TDCX had a net margin of 16.93% and a return on equity of 21.56%. On average, research analysts expect that TDCX Inc. will post 0.65 EPS for the current fiscal year.

Institutional Trading of TDCX

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of TDCX by 41.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,838 shares of the company's stock worth $39,534,000 after buying an additional 958,863 shares during the period. Neuberger Berman Group LLC lifted its position in TDCX by 106.5% during the first quarter. Neuberger Berman Group LLC now owns 1,748,374 shares of the company's stock worth $21,285,000 after acquiring an additional 901,605 shares during the last quarter. Bank of America Corp DE lifted its position in TDCX by 82.9% during the first quarter. Bank of America Corp DE now owns 927,065 shares of the company's stock worth $11,263,000 after acquiring an additional 420,246 shares during the last quarter. Indus Capital Partners LLC acquired a new stake in TDCX during the second quarter worth approximately $8,392,000. Finally, Pendal Group Ltd acquired a new stake in TDCX during the third quarter worth approximately $8,221,000. Institutional investors and hedge funds own 11.92% of the company's stock.

About TDCX

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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.

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