Tucows (NASDAQ:TCX) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.99 and traded as low as $13.45. Tucows shares last traded at $13.69, with a volume of 37,755 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tucows in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tucows currently has a consensus rating of “Sell”.

Tucows Stock Up 2.9%

The stock has a 50-day simple moving average of $15.94 and a two-hundred day simple moving average of $18.99. The firm has a market cap of $152.64 million, a PE ratio of -1.93 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) earnings per share (EPS) for the quarter. The firm had revenue of $96.66 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TCX. Goldman Sachs Group Inc. raised its stake in shares of Tucows by 89.6% during 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. Tower Research Capital LLC TRC boosted its stake in shares of 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 valued at $49,000 after purchasing an additional 1,726 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Tucows by 6.2% during the 3rd quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock valued at $187,000 after purchasing an additional 590 shares during the last quarter. JPMorgan Chase & Co. raised its position in Tucows by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock worth $128,000 after purchasing an additional 3,739 shares during the period. Finally, Vanguard Group Inc. raised its position in Tucows by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock worth $8,934,000 after purchasing an additional 12,392 shares during the period. 73.64% of the stock is currently owned by institutional investors.

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.