Tucows (NASDAQ:TCX) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Tucows Inc. (NASDAQ:TCX) (TSE:TC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.28 and traded as low as $17.71. Tucows shares last traded at $18.10, with a volume of 33,277 shares.

Wall Street Analysts Forecast Growth

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

Tucows Stock Performance

The company has a 50 day moving average of $21.93 and a 200 day moving average of $20.28. The stock has a market capitalization of $201.27 million, a price-to-earnings ratio of -2.65 and a beta of 1.00.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its earnings results on Thursday, February 12th. The information services provider reported ($1.73) earnings per share (EPS) for the quarter. The business had revenue of $98.67 million for the quarter.

Institutional Trading of Tucows

A number of hedge funds have recently bought and sold shares of TCX. Blackhawk Capital Partners LLC acquired a new position in shares of Tucows during the 3rd quarter worth approximately $958,000. Goldman Sachs Group Inc. acquired a new stake in shares of Tucows in the fourth quarter valued at approximately $506,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Tucows by 3.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 526,989 shares of the information services provider’s stock worth $11,588,000 after buying an additional 16,000 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in Tucows by 0.6% during 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 buying an additional 12,410 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Tucows by 2.6% during the third quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock worth $8,934,000 after buying an additional 12,392 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

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.