Tucows (NASDAQ:TCX) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.25 and traded as high as $19.89. Tucows shares last traded at $19.80, with a volume of 13,370 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Tucows from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th.

Tucows Trading Down 0.1%

The firm's 50-day moving average price is $17.61 and its two-hundred day moving average price is $17.33. The stock has a market cap of $220.48 million, a PE ratio of -1.94 and a beta of 0.83.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last announced its quarterly earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The firm had revenue of $94.61 million for the quarter.

Institutional Investors Weigh In On Tucows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Tucows during the first quarter valued at approximately $8,625,000. Geode Capital Management LLC lifted its position in Tucows by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 202,248 shares of the information services provider's stock valued at $3,468,000 after acquiring an additional 1,985 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tucows by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider's stock valued at $1,378,000 after acquiring an additional 4,109 shares during the last quarter. Northern Trust Corp lifted its position in Tucows by 1.5% during the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock valued at $1,350,000 after acquiring an additional 1,181 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in Tucows by 123.6% during the first quarter. GSA Capital Partners LLP now owns 38,199 shares of the information services provider's stock valued at $645,000 after acquiring an additional 21,112 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company's stock.

Tucows Company Profile

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.