TDCX (NYSE:TDCX) Shares Down 4.1%

TDCX Inc. (NYSE:TDCX)’s stock price dropped 4.1% during mid-day trading on Friday . The company traded as low as $4.70 and last traded at $4.70. Approximately 36,622 shares traded hands during trading, a decline of 69% from the average daily volume of 118,055 shares. The stock had previously closed at $4.90.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. HSBC raised shares of TDCX from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Thursday, August 24th. JPMorgan Chase & Co. raised TDCX from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $9.80 to $7.40 in a research report on Monday, October 30th.

TDCX Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.35 and a current ratio of 7.35. The company’s 50 day moving average price is $5.32 and its 200 day moving average price is $6.79. The company has a market cap of $682.57 million, a price-to-earnings ratio of 8.71 and a beta of -0.02.

TDCX (NYSE:TDCX) last posted its earnings results on Wednesday, August 23rd. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $126.22 million for the quarter, compared to the consensus estimate of $127.25 million. TDCX had a net margin of 16.37% and a return on equity of 18.68%. During the same period in the prior year, the business posted $0.13 earnings per share. Research analysts anticipate that TDCX Inc. will post 0.64 EPS for the current year.

Institutional Investors Weigh In On TDCX

Large investors have recently added to or reduced their stakes in the stock. Barings LLC lifted its stake in shares of TDCX by 20.0% in the first quarter. Barings LLC now owns 433,217 shares of the company’s stock worth $3,856,000 after buying an additional 72,173 shares during the last quarter. Westpac Banking Corp bought a new stake in TDCX during the second quarter valued at about $1,722,000. SG Americas Securities LLC bought a new stake in TDCX during the first quarter valued at about $272,000. Perpetual Ltd acquired a new stake in shares of TDCX in the first quarter valued at about $10,926,000. Finally, New York State Common Retirement Fund bought a new position in shares of TDCX in the first quarter worth about $26,000. Institutional investors own 10.47% of the company’s stock.

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.