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

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.00 and traded as low as $13.31. Tucows shares last traded at $13.47, with a volume of 31,827 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Tucows from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Tucows Trading Down 3.0%

The firm’s fifty day moving average price is $14.65 and its 200-day moving average price is $18.00. The firm has a market cap of $150.19 million, a price-to-earnings ratio of -1.90 and a beta of 0.88.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Thursday, May 7th. The information services provider reported ($1.51) earnings per share for the quarter. The firm had revenue of $96.66 million during the quarter.

Institutional Investors Weigh In On Tucows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Tucows by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 551 shares during the period. Tower Research Capital LLC TRC raised 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 valued at $49,000 after purchasing an additional 1,726 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Tucows by 500.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,600 shares of the information services provider’s stock worth $80,000 after purchasing an additional 3,000 shares during the period. Russell Investments Group Ltd. grew its position in Tucows by 903.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock worth $72,000 after purchasing an additional 3,487 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new position in Tucows during the 4th quarter worth $87,000. Hedge funds and other 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.