TDCX (NYSE:TDCX) Trading 0.1% Higher

TDCX Inc. (NYSE:TDCX) traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $7.15 and last traded at $7.13. 144,700 shares traded hands during trading, a decline of 36% from the average session volume of 224,993 shares. The stock had previously closed at $7.12.

TDCX Price Performance

The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $7.12 and its two-hundred day simple moving average is $6.58. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.50 and a beta of 0.27.

Hedge Funds Weigh In On TDCX

A number of large investors have recently added to or reduced their stakes in the stock. FourWorld Capital Management LLC acquired a new stake in shares of TDCX in the first quarter valued at about $32,695,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of TDCX by 69.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 868,623 shares of the company’s stock valued at $4,213,000 after acquiring an additional 357,278 shares during the last quarter. Maso Capital Partners Ltd acquired a new stake in shares of TDCX during the first quarter valued at about $5,820,000. Gabelli Funds LLC acquired a new stake in shares of TDCX during the first quarter valued at about $1,830,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of TDCX in the first quarter valued at approximately $1,714,000. 10.95% of the stock is currently 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 worldwide. The company offers digital customer experience solutions, such as after-sales service and customer support across various industry verticals, including 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 industries; and omnichannel CX solutions comprising end-user support and troubleshooting for software and consumer electronic devices.