Tucows (NASDAQ:TCX) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Tucows Inc. (NASDAQ:TCX) (TSE:TC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.28 and traded as low as $17.71. Tucows shares last traded at $18.10, with a volume of 33,277 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Tucows Stock Performance

The firm’s 50 day moving average is $21.93 and its 200-day moving average is $20.28. The stock has a market capitalization of $201.27 million, a price-to-earnings ratio of -2.65 and a beta of 1.00.

Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings results on Thursday, February 12th. The information services provider reported ($1.73) EPS for the quarter. The company had revenue of $98.67 million for the quarter.

Hedge Funds Weigh In On Tucows

A number of large investors have recently bought and sold shares of TCX. Squarepoint Ops LLC purchased a new position in Tucows during the fourth quarter worth approximately $244,000. Barclays PLC raised its stake in shares of Tucows by 21.6% during the 4th quarter. Barclays PLC now owns 11,571 shares of the information services provider’s stock worth $259,000 after buying an additional 2,059 shares during the period. Wells Fargo & Company MN raised its stake in shares of Tucows by 48.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,149 shares of the information services provider’s stock worth $183,000 after buying an additional 2,651 shares during the period. MetLife Investment Management LLC purchased a new position in shares of Tucows during the 4th quarter valued at approximately $87,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Tucows during the 4th quarter valued at approximately $506,000. Institutional investors and hedge funds 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.