TELUS International (Cda) (TSE:TIXT) Shares Down 14.4% - Here's What Happened

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

TELUS International (Cda) Stock Down 16.0 %

The company has a debt-to-equity ratio of 80.53, a current ratio of 1.09 and a quick ratio of 0.79. The company has a market capitalization of C$511.71 million, a price-to-earnings ratio of 35.46 and a beta of 0.69. The firm has a 50-day moving average price of C$5.39 and a two-hundred day moving average price of C$5.82.

Insiders Place Their Bets

In related news, Director Brian Hannon sold 5,604 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$5.56, for a total transaction of C$31,184.69. Also, Director Tobias Dengel purchased 100,000 shares of the business's stock in a transaction on Monday, November 18th. The stock was purchased at an average price of C$3.55 per share, with a total value of C$355,000.00. Insiders own 38.86% of the company's stock.

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.