Tucows (TCX) Sets New 12-Month High at $79.52

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Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) reached a new 52-week high during trading on Thursday . The company traded as high as $79.52 and last traded at $79.52, with a volume of 117771 shares traded. The stock had previously closed at $77.02.

A number of analysts have issued reports on TCX shares. ValuEngine raised Tucows from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Echelon Wealth Partners reissued a “buy” rating on shares of Tucows in a research note on Wednesday, February 13th. Finally, BidaskClub raised Tucows from a “hold” rating to a “buy” rating in a research note on Friday, January 25th.

The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $819.49 million, a PE ratio of 49.58 and a beta of 0.77.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Wednesday, February 13th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Tucows had a return on equity of 23.64% and a net margin of 4.95%. The business had revenue of $85.60 million during the quarter, compared to analyst estimates of $84.00 million. During the same period in the previous year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts anticipate that Tucows Inc. will post 1.98 EPS for the current year.

In other news, EVP David John Woroch sold 5,500 shares of Tucows stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $76.54, for a total value of $420,970.00. Following the transaction, the executive vice president now directly owns 52,172 shares of the company’s stock, valued at approximately $3,993,244.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Elliot Noss sold 1,500 shares of Tucows stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $62.75, for a total value of $94,125.00. Following the completion of the transaction, the chief executive officer now directly owns 555,260 shares in the company, valued at $34,842,565. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $1,351,925 over the last ninety days. Corporate insiders own 11.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in Tucows during the 4th quarter worth approximately $78,000. Legal & General Group Plc lifted its position in Tucows by 17.5% during the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock worth $108,000 after acquiring an additional 267 shares in the last quarter. BlueMountain Capital Management LLC lifted its position in Tucows by 344.0% during the 3rd quarter. BlueMountain Capital Management LLC now owns 2,575 shares of the information services provider’s stock worth $144,000 after acquiring an additional 1,995 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Tucows by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock worth $187,000 after acquiring an additional 2,433 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp lifted its position in Tucows by 4.2% during the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 5,217 shares of the information services provider’s stock worth $314,000 after acquiring an additional 211 shares in the last quarter. 58.75% of the stock is currently owned by institutional investors and hedge funds.

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Tucows Company Profile (NASDAQ:TCX)

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services, and Internet hosting and network consulting services.

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