Tucows Inc. (NASDAQ:TCX) Director Allen Karp sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $39.89, for a total transaction of $199,450.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Tucows Inc. (NASDAQ:TCX) opened at 33.35 on Wednesday. Tucows Inc. has a 52 week low of $17.67 and a 52 week high of $34.66. The firm has a 50-day moving average of $28.50 and a 200 day moving average of $25.84. The company has a market cap of $347.64 million, a P/E ratio of 24.76 and a beta of 0.99.
Tucows (NASDAQ:TCX) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business earned $47.50 million during the quarter, compared to analyst estimates of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. Tucows’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Equities analysts anticipate that Tucows Inc. will post $1.42 earnings per share for the current fiscal year.
TCX has been the subject of a number of recent research reports. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Tucows in a research note on Friday, August 26th. Zacks Investment Research downgraded shares of Tucows from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th.
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock worth $155,000 after buying an additional 6,836 shares in the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV purchased a new position in Tucows during the second quarter worth about $463,000. Finally, Van Berkom & Associates Inc. purchased a new position in Tucows during the second quarter worth about $142,000. Institutional investors and hedge funds own 19.97% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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