Tucows (NASDAQ:TCX) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.00 and traded as low as $13.31. Tucows shares last traded at $13.47, with a volume of 31,827 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Tucows from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tucows Stock Down 2.6%

The firm has a market capitalization of $149.63 million, a PE ratio of -1.89 and a beta of 0.89. The business’s fifty day moving average price is $14.51 and its 200 day moving average price is $17.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of Tucows by 89.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock worth $627,000 after purchasing an additional 17,539 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Tucows by 234.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after buying an additional 1,726 shares during the last quarter. Rhumbline Advisers increased its stake in Tucows by 6.2% in the 3rd quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock valued at $187,000 after buying an additional 590 shares during the period. JPMorgan Chase & Co. increased its stake in Tucows by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock valued at $128,000 after buying an additional 3,739 shares during the period. Finally, Vanguard Group Inc. raised its position 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 last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

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.