Tucows (TSE:TC) Stock Crosses Below 200-Day Moving Average – Here’s Why

Tucows Inc. (TSE:TC) (NYSE:TCX)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$21.84 and traded as low as C$19.45. Tucows shares last traded at C$21.72, with a volume of 10,017 shares changing hands.

Tucows Stock Up 9.4%

The business has a 50 day moving average of C$17.47 and a two-hundred day moving average of C$21.84. The stock has a market capitalization of C$242.16 million, a PE ratio of -3.05 and a beta of 1.86. The company has a debt-to-equity ratio of -383.58, a quick ratio of 0.29 and a current ratio of 0.29.

Tucows (TSE:TC) (NYSE:TCX) last posted its earnings results on Thursday, May 7th. The company reported C($2.27) earnings per share (EPS) for the quarter. The company had revenue of C$134.38 million during the quarter. Tucows had a negative net margin of 20.08% and a positive return on equity of 51.57%. Analysts predict that Tucows Inc. will post 1.77 EPS for the current year.

Tucows Company Profile

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( https://ting.com ) delivers fixed fiber Internet access with outstanding customer support. Wavelo ( https://wavelo.com ) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( https://tucowsdomains.com ) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs.