Tucows (NASDAQ:TCX) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

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 $19.99 and traded as high as $24.94. Tucows shares last traded at $23.50, with a volume of 10,878 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Tucows Stock Down 0.5%

The business’s fifty day moving average price is $21.51 and its 200 day moving average price is $19.99. The firm has a market capitalization of $260.85 million, a PE ratio of -2.62 and a beta of 0.97.

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

Institutional Trading of Tucows

A number of institutional investors have recently modified their holdings of TCX. BNP Paribas Financial Markets grew its position in Tucows by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after buying an additional 551 shares during the period. Tower Research Capital LLC TRC increased its position in Tucows by 234.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after purchasing an additional 1,726 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Tucows by 903.4% in the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock valued at $72,000 after buying an additional 3,487 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tucows by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 3,739 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Tucows by 6.2% in the third 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. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Tucows Company Profile

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.