TDCX (NYSE:TDCX) Sees Strong Trading Volume

Shares of TDCX Inc. (NYSE:TDCX - Get Free Report) saw strong trading volume on Thursday . 313,504 shares changed hands during mid-day trading, an increase of 18% from the previous session's volume of 265,723 shares.The stock last traded at $7.16 and had previously closed at $7.20.

Analyst Upgrades and Downgrades

Separately, HSBC cut 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 current ratio of 7.64, a quick ratio of 8.16 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.04 billion, a P/E ratio of 11.60 and a beta of 0.26. The company's 50 day simple moving average is $7.02 and its 200-day simple moving average is $5.96.

TDCX (NYSE:TDCX - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. TDCX had a net margin of 18.24% and a return on equity of 18.91%. The business had revenue of $120.43 million for the quarter, compared to analysts' expectations of $118.67 million. Research analysts forecast that TDCX Inc. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TDCX

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of TDCX by 53.8% in the 1st quarter. GAMMA Investing LLC now owns 5,365 shares of the company's stock worth $38,000 after purchasing an additional 1,876 shares during the period. Jump Financial LLC purchased a new stake in TDCX in the 4th quarter worth approximately $58,000. Russell Investments Group Ltd. increased its holdings in TDCX by 162.6% in the 4th quarter. Russell Investments Group Ltd. now owns 23,243 shares of the company's stock worth $110,000 after acquiring an additional 14,393 shares in the last quarter. Trexquant Investment LP increased its holdings in TDCX by 187.6% in the 4th quarter. Trexquant Investment LP now owns 67,755 shares of the company's stock worth $329,000 after acquiring an additional 44,198 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in TDCX by 696.0% in the 3rd quarter. Acadian Asset Management LLC now owns 78,729 shares of the company's stock worth $460,000 after acquiring an additional 68,839 shares in the last quarter. Institutional investors own 10.95% of the company's stock.

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.