Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.95 and traded as high as $22.69. Tucows shares last traded at $22.10, with a volume of 33,091 shares changing hands.
Tucows Price Performance
The company has a 50-day moving average of $19.91 and a 200 day moving average of $17.99. The company has a market cap of $239.45 million, a PE ratio of -2.35 and a beta of 0.83.
Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last released its quarterly earnings data on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The business had revenue of $94.61 million during the quarter.
Insider Activity
In other Tucows news, CEO Elliot Noss sold 2,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $21.87, for a total transaction of $43,740.00. Following the transaction, the chief executive officer directly owned 444,498 shares in the company, valued at approximately $9,721,171.26. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 14,600 shares of company stock worth $295,291. 11.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in Tucows by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock valued at $72,000 after acquiring an additional 867 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Tucows during the 1st quarter worth approximately $80,000. Bank of America Corp DE increased its holdings in Tucows by 34.2% during the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after buying an additional 2,448 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Tucows by 5.0% in the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock valued at $200,000 after purchasing an additional 563 shares during the last quarter. Finally, Barclays PLC lifted its position in Tucows by 10.9% during the fourth quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock worth $216,000 after purchasing an additional 1,240 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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