Tucows (NASDAQ:TCX) Announces Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) announced its quarterly earnings data on Thursday. The information services provider reported ($0.52) EPS for the quarter, FiscalAI reports. The business had revenue of $99.97 million during the quarter.

Tucows Price Performance

Shares of NASDAQ:TCX traded down $0.62 during trading hours on Thursday, hitting $11.93. The company’s stock had a trading volume of 45,596 shares, compared to its average volume of 53,226. The firm’s fifty day moving average price is $10.25 and its 200 day moving average price is $14.13. Tucows has a 52 week low of $8.45 and a 52 week high of $25.17. The company has a market capitalization of $133.38 million, a price-to-earnings ratio of -1.58 and a beta of 0.88.

Hedge Funds Weigh In On Tucows

Institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP lifted its holdings in Tucows by 7.2% during the first quarter. Quantinno Capital Management LP now owns 19,867 shares of the information services provider’s stock worth $341,000 after buying an additional 1,339 shares during the period. Versant Capital Management Inc bought a new stake in Tucows during the 2nd quarter valued at $72,000. Blackhawk Capital Partners LLC boosted its position in Tucows by 22.5% during the 1st quarter. Blackhawk Capital Partners LLC now owns 62,078 shares of the information services provider’s stock valued at $1,065,000 after acquiring an additional 11,385 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Tucows in the 2nd quarter valued at $269,000. 73.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Tucows

Tucows Inc (NASDAQ: TCX) is a technology company that provides internet services, domain name services and software solutions for communications providers. Its businesses have historically included domain registration and related services, consumer internet connectivity through Ting Internet, and telecommunications software offered under the Wavelo brand.

Through its Domains business, Tucows provides domain registration, wholesale domain services, digital identity products and related tools for businesses, resellers and individual customers.