Elliot Noss Sells 5,175 Shares of Tucows Inc. (NASDAQ:TCX) Stock

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC CEO Elliot Noss sold 5,175 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $18.43, for a total value of $95,375.25. Following the sale, the chief executive officer now owns 516,758 shares of the company's stock, valued at approximately $9,523,849.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tucows Stock Performance

NASDAQ TCX traded down $0.58 on Tuesday, reaching $17.90. The stock had a trading volume of 61,185 shares, compared to its average volume of 36,716. The stock has a market cap of $195.11 million, a P/E ratio of -2.02 and a beta of 0.94. Tucows Inc. has a 12-month low of $15.65 and a 12-month high of $33.44. The business's 50-day moving average price is $20.18 and its 200 day moving average price is $21.06. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.37 and a current ratio of 1.41.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last announced its earnings results on Thursday, February 22nd. The information services provider reported ($2.14) earnings per share for the quarter. The company had revenue of $86.96 million during the quarter. Tucows had a negative net margin of 28.35% and a negative return on equity of 157.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Tucows from a "hold" rating to a "sell" rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Tucows by 16.6% during the third quarter. Vanguard Group Inc. now owns 591,450 shares of the information services provider's stock valued at $22,126,000 after purchasing an additional 84,384 shares during the period. Marshall Wace LLP bought a new position in Tucows in the 2nd quarter worth approximately $2,186,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in Tucows by 2.7% during the 3rd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,969,594 shares of the information services provider's stock valued at $40,199,000 after acquiring an additional 51,050 shares in the last quarter. BlackRock Inc. boosted its position in Tucows by 3.7% during the 2nd quarter. BlackRock Inc. now owns 676,640 shares of the information services provider's stock worth $18,770,000 after acquiring an additional 23,931 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Tucows by 174.1% in the fourth quarter. Bank of America Corp DE now owns 37,133 shares of the information services provider's stock worth $1,260,000 after purchasing an additional 23,588 shares in the last quarter. 73.64% of the stock is owned by hedge funds and other institutional investors.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through 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.