Tucows (TSE:TC) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Tucows Inc. (TSE:TC) (NYSE:TCX) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$20.09 and traded as low as C$18.75. Tucows shares last traded at C$18.79, with a volume of 2,655 shares trading hands.

Tucows Stock Performance

The firm’s 50-day moving average price is C$20.09 and its 200 day moving average price is C$24.60. The company has a debt-to-equity ratio of -383.58, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of C$209.49 million, a price-to-earnings ratio of -2.64 and a beta of 1.80.

Tucows (TSE:TC) (NYSE:TCX) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($2.27) EPS for the quarter. The company had revenue of C$134.38 million for the quarter. Tucows had a positive return on equity of 51.57% and a negative net margin of 20.08%. On average, sell-side analysts anticipate that Tucows Inc. will post 1.77 EPS for the current year.

Tucows Company Profile

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( https://ting.com ) delivers fixed fiber Internet access with outstanding customer support. Wavelo ( https://wavelo.com ) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( https://tucowsdomains.com ) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs.