Tucows (NASDAQ:TCX) Shares Cross Above 200 Day Moving Average – Time to Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.32 and traded as high as $23.91. Tucows shares last traded at $22.54, with a volume of 30,216 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tucows in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Tucows currently has an average rating of “Sell”.

Tucows Price Performance

The company has a 50 day moving average price of $22.61 and a 200 day moving average price of $20.32. The firm has a market cap of $250.19 million, a PE ratio of -2.51 and a beta of 1.00.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, November 6th. The information services provider reported ($1.42) earnings per share for the quarter. The company had revenue of $98.56 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Tucows by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 551 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Tucows by 234.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after buying an additional 1,726 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Tucows by 903.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock valued at $72,000 after buying an additional 3,487 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Tucows by 500.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,600 shares of the information services provider’s stock valued at $80,000 after buying an additional 3,000 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Tucows by 117.4% during the third quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock worth $128,000 after acquiring an additional 3,739 shares during the period. 73.64% of the stock is 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.