Tucows (NASDAQ:TCX) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.32 and traded as high as $23.91. Tucows shares last traded at $22.54, with a volume of 30,216 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Tucows in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Tucows Trading Up 1.4%

The business has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $20.32. The company has a market cap of $250.19 million, a PE ratio of -2.51 and a beta of 1.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Tucows by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after acquiring an additional 551 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 1,726 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of 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 buying an additional 3,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Tucows by 903.4% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 3,739 shares during the last quarter. 73.64% of the stock is owned by institutional investors and hedge funds.

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.