TELUS International (Cda) (TSE:TIXT) Shares Down 14.4% – Here’s Why

TELUS International (Cda) Inc. (TSE:TIXT)’s stock price traded down 14.4% during mid-day trading on Wednesday . The stock traded as low as C$4.69 and last traded at C$4.70. 731,719 shares were traded during mid-day trading, an increase of 86% from the average session volume of 394,235 shares. The stock had previously closed at C$5.49.

TELUS International (Cda) Stock Performance

The company has a market cap of C$517.26 million, a P/E ratio of 35.85 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 1.09 and a debt-to-equity ratio of 80.53. The company has a 50 day moving average price of C$5.37 and a 200-day moving average price of C$5.80.

Insider Activity at TELUS International (Cda)

In other news, Director Tobias Dengel bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$3.55 per share, with a total value of C$355,000.00. Also, Director Brian Hannon sold 5,604 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$5.56, for a total transaction of C$31,184.69. 38.86% of the stock is currently owned by insiders.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.