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Tucows (NASDAQ:TCX) Share Price Crosses Below 200 Day Moving Average - What's Next?

Tucows logo with Computer and Technology background

Key Points

  • Tucows Inc. (NASDAQ:TCX) shares have fallen below their 200-day moving average, trading as low as $18.05 with the last price at $18.07.
  • Weiss Ratings has reiterated a "sell (d-)" rating on Tucows, and the stock currently holds an average rating of "Sell" from analysts.
  • Institutional investors control 73.64% of Tucows' stock, with notable increases in stakes by Tower Research Capital and new positions from several investment firms.
  • MarketBeat previews top five stocks to own in November.

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.59 and traded as low as $18.05. Tucows shares last traded at $18.07, with a volume of 19,629 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Tucows in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tucows has an average rating of "Sell".

Check Out Our Latest Report on TCX

Tucows Stock Performance

The company has a 50-day moving average of $18.59 and a 200-day moving average of $18.59. The firm has a market capitalization of $200.22 million, a price-to-earnings ratio of -2.03 and a beta of 0.87.

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

Hedge Funds Weigh In On Tucows

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of Tucows by 234.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider's stock valued at $49,000 after purchasing an additional 1,726 shares during the period. MetLife Investment Management LLC acquired a new stake in Tucows in the 1st quarter valued at approximately $80,000. Rhumbline Advisers lifted its stake in Tucows by 5.0% in the 1st quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock valued at $200,000 after acquiring an additional 563 shares in the last quarter. Nuveen LLC acquired a new position in Tucows during the 1st quarter worth approximately $432,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Tucows during the 1st quarter worth approximately $510,000. Institutional investors own 73.64% of the company's stock.

Tucows Company Profile

(Get Free Report)

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.

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