Tucows (NASDAQ:TCX) Stock Crosses Above Two Hundred Day Moving Average of $20.16

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.16 and traded as high as $22.96. Tucows shares last traded at $22.70, with a volume of 46,321 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Tucows Trading Down 1.1 %

The business’s 50 day moving average price is $22.34 and its two-hundred day moving average price is $20.17. The company has a market capitalization of $239.50 million, a price-to-earnings ratio of -2.30 and a beta of 0.85. The company has a debt-to-equity ratio of 43.87, a quick ratio of 0.90 and a current ratio of 0.93.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, August 8th. The information services provider reported ($1.70) earnings per share for the quarter. The company had revenue of $89.42 million during the quarter. Tucows had a negative return on equity of 490.14% and a negative net margin of 26.01%.

Insider Buying and Selling

In other news, CEO Elliot Noss sold 5,700 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $22.03, for a total transaction of $125,571.00. Following the sale, the chief executive officer now directly owns 511,058 shares of the company’s stock, valued at $11,258,607.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of Tucows by 81.5% during the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after buying an additional 2,371 shares in the last quarter. Bard Associates Inc. grew its holdings in shares of Tucows by 5.2% during the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after buying an additional 800 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Tucows by 0.6% during the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after buying an additional 4,234 shares in the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its holdings in shares of Tucows by 1.3% during the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock valued at $37,391,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.