Tucows (NASDAQ:TCX) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Yatra Online from a hold rating to a sell rating in a research note on Saturday, July 6th. Echelon Wealth Partners upgraded shares of Nanotech Security from a hold rating to a speculative buy rating in a research note on Thursday, May 9th. Finally, BidaskClub cut shares of Waterstone Financial from a hold rating to a sell rating in a research note on Friday, June 21st.

NASDAQ TCX traded down $1.84 on Thursday, hitting $49.36. The stock had a trading volume of 7,260 shares, compared to its average volume of 129,546. Tucows has a 52-week low of $49.69 and a 52-week high of $90.21. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $564.39 million, a P/E ratio of 31.39 and a beta of 1.09. The business has a 50-day moving average of $60.54.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Tucows had a return on equity of 21.03% and a net margin of 4.92%. The firm had revenue of $78.95 million during the quarter, compared to analysts’ expectations of $83.00 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities research analysts expect that Tucows will post 1.94 EPS for the current year.

In other Tucows news, EVP David John Woroch sold 6,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $60.68, for a total value of $364,080.00. Following the sale, the executive vice president now directly owns 52,872 shares in the company, valued at approximately $3,208,272.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.80% of the company’s stock.

Several large investors have recently modified their holdings of TCX. FMR LLC increased its holdings in shares of Tucows by 64,185.7% in the 4th quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock worth $27,027,000 after buying an additional 449,300 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its holdings in shares of Tucows by 6.6% in the 2nd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,256,776 shares of the information services provider’s stock worth $76,687,000 after buying an additional 77,483 shares during the last quarter. Manitou Investment Management Ltd. grew its holdings in shares of Tucows by 388.0% during the 1st quarter. Manitou Investment Management Ltd. now owns 67,194 shares of the information services provider’s stock valued at $5,450,000 after purchasing an additional 53,424 shares during the last quarter. EAM Global Investors LLC bought a new position in shares of Tucows during the 1st quarter valued at $3,877,000. Finally, Martingale Asset Management L P grew its holdings in shares of Tucows by 39.5% during the 1st quarter. Martingale Asset Management L P now owns 48,004 shares of the information services provider’s stock valued at $3,898,000 after purchasing an additional 13,600 shares during the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

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