Tucows (NASDAQ:TCX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.62 and traded as high as $22.06. Tucows shares last traded at $21.98, with a volume of 23,950 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tucows in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Tucows Price Performance

The company’s 50-day moving average price is $19.94 and its two-hundred day moving average price is $19.62. The company has a market capitalization of $243.98 million, a price-to-earnings ratio of -2.45 and a beta of 0.98.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, November 6th. The information services provider reported ($1.42) EPS for the quarter. The business had revenue of $98.56 million for the quarter.

Institutional Investors Weigh In On Tucows

A number of hedge funds have recently added to or reduced their stakes in TCX. Blackhawk Capital Partners LLC acquired a new position in shares of Tucows during the third quarter valued at about $958,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Tucows in the 1st quarter valued at about $510,000. Nuveen LLC acquired a new position in Tucows during the 1st quarter worth approximately $432,000. Goldman Sachs Group Inc. boosted its holdings in Tucows by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock worth $627,000 after acquiring an additional 17,539 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its holdings in Tucows by 0.6% in the second quarter. EdgePoint Investment Group Inc. now owns 2,118,575 shares of the information services provider’s stock worth $41,877,000 after acquiring an additional 12,410 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.