Tucows (NASDAQ:TCX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.62 and traded as high as $22.06. Tucows shares last traded at $21.98, with a volume of 23,950 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tucows in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Tucows Trading Up 2.8%

The firm’s 50-day moving average price is $19.94 and its 200 day moving average price is $19.62. The company has a market capitalization of $243.98 million, a price-to-earnings ratio of -2.45 and a beta of 0.98.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Thursday, November 6th. The information services provider reported ($1.42) earnings per share (EPS) for the quarter. The company had revenue of $98.56 million for the quarter.

Hedge Funds Weigh In On Tucows

A number of institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Tucows during the first quarter valued at about $510,000. Nuveen LLC acquired a new stake in Tucows during the 1st quarter worth approximately $432,000. MetLife Investment Management LLC bought a new stake in Tucows during the 1st quarter worth approximately $80,000. Goldman Sachs Group Inc. grew its holdings in Tucows by 89.6% during the 1st 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 during the last quarter. Finally, Rhumbline Advisers increased its position in Tucows by 5.0% in the 1st quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider’s stock valued at $200,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.

Tucows Company Profile

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.