Tucows (NASDAQ:TCX) Shares Pass Above Two Hundred Day Moving Average of $20.00

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.00 and traded as high as $21.38. Tucows shares last traded at $20.49, with a volume of 27,173 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Tucows Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 43.87. The stock has a market capitalization of $224.39 million, a PE ratio of -2.15 and a beta of 0.85. The business has a fifty day moving average price of $21.66 and a 200-day moving average price of $19.98.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. The business had revenue of $89.42 million for the quarter. Tucows had a negative net margin of 26.01% and a negative return on equity of 490.14%.

Institutional Investors Weigh In On Tucows

Several institutional investors have recently bought and sold shares of TCX. National Bank of Canada FI raised its stake in shares of Tucows by 28.6% during the fourth quarter. National Bank of Canada FI now owns 3,679 shares of the information services provider’s stock valued at $92,000 after acquiring an additional 819 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Tucows by 81.5% during the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after purchasing an additional 2,371 shares during the period. Bard Associates Inc. raised its position in Tucows by 5.2% during the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after purchasing an additional 800 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Tucows by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after buying an additional 4,234 shares during the period. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its position in shares of Tucows by 1.3% in the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock worth $37,391,000 after buying an additional 25,000 shares during the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.