Tucows (NASDAQ:TCX) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.31 and traded as low as $12.83. Tucows shares last traded at $13.12, with a volume of 37,257 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Tucows from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Tucows Trading Down 1.6%

The business’s 50-day simple moving average is $15.00 and its two-hundred day simple moving average is $18.31. The company has a market capitalization of $146.29 million, a PE ratio of -1.85 and a beta of 0.88.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, May 7th. The information services provider reported ($1.51) EPS for the quarter. The business had revenue of $96.66 million for the quarter.

Institutional Trading of Tucows

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position 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 during the last quarter. Tower Research Capital LLC TRC grew its position in Tucows by 234.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after purchasing an additional 1,726 shares during the last quarter. TD Waterhouse Canada Inc. increased 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 purchasing an additional 3,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Tucows by 903.4% during the third 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 last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Tucows during the fourth quarter valued at approximately $87,000. Institutional investors own 73.64% of the company’s stock.

About Tucows

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.