Tucows (NASDAQ:TCX) Announces Quarterly Earnings Results

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC released its quarterly earnings results on Thursday. The information services provider reported ($2.42) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $87.46 million for the quarter. Tucows had a negative net margin of 28.35% and a negative return on equity of 198.27%.

Tucows Stock Down 6.9 %

Tucows stock traded down $1.34 during midday trading on Friday, hitting $18.12. 75,685 shares of the stock were exchanged, compared to its average volume of 30,556. Tucows has a 52-week low of $15.65 and a 52-week high of $33.44. The business's 50-day moving average price is $18.09 and its 200-day moving average price is $20.64. The company has a quick ratio of 1.17, a current ratio of 1.21 and a debt-to-equity ratio of 43.87. The stock has a market capitalization of $196.19 million, a price-to-earnings ratio of -2.04 and a beta of 0.92.

Insider Activity

In other news, CEO Elliot Noss sold 5,175 shares of Tucows stock in a transaction on Monday, April 1st. The stock was sold at an average price of $18.43, for a total transaction of $95,375.25. Following the sale, the chief executive officer now directly owns 516,758 shares in the company, valued at approximately $9,523,849.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tucows from a "hold" rating to a "sell" rating in a report on Saturday, March 30th.

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.