Tucows (NASDAQ:TCX) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.31 and traded as low as $12.83. Tucows shares last traded at $13.12, with a volume of 37,257 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Tucows from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Tucows Stock Down 1.5%

The company has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $18.20. The stock has a market capitalization of $150.19 million, a price-to-earnings ratio of -1.90 and a beta of 0.88.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Thursday, May 7th. The information services provider reported ($1.51) EPS for the quarter. The firm had revenue of $96.66 million for the quarter.

Institutional Investors Weigh In On Tucows

A number of large investors have recently bought and sold shares of TCX. Goldman Sachs Group Inc. acquired a new stake in shares of Tucows in the 4th quarter valued at about $506,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Tucows by 3.1% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 526,989 shares of the information services provider’s stock valued at $11,588,000 after buying an additional 16,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Tucows by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock worth $8,934,000 after buying an additional 12,392 shares during the period. Blackhawk Capital Partners LLC boosted its holdings in Tucows by 22.5% in the first quarter. Blackhawk Capital Partners LLC now owns 62,078 shares of the information services provider’s stock worth $1,065,000 after acquiring an additional 11,385 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Tucows in the fourth quarter worth approximately $244,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.