Tucows (NASDAQ:TCX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.69 and traded as high as $18.90. Tucows shares last traded at $18.89, with a volume of 7,493 shares traded.

Analyst Ratings Changes

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

Tucows Stock Performance

The stock has a 50-day moving average of $18.43 and a 200-day moving average of $18.69. The firm has a market cap of $209.30 million, a price-to-earnings ratio of -2.12 and a beta of 0.87.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its earnings results on Thursday, August 7th. The information services provider reported ($1.41) earnings per share (EPS) for the quarter. The company had revenue of $98.46 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCX. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Tucows in the first quarter valued at approximately $8,625,000. GSA Capital Partners LLP grew its stake in Tucows by 123.6% in the first quarter. GSA Capital Partners LLP now owns 38,199 shares of the information services provider’s stock valued at $645,000 after purchasing an additional 21,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tucows in the first quarter valued at approximately $510,000. Nuveen LLC bought a new position in Tucows in the first quarter valued at approximately $432,000. Finally, MetLife Investment Management LLC bought a new position in Tucows in the first quarter valued at approximately $80,000. 73.64% of the stock is currently owned by institutional investors.

About Tucows

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.