Tucows (NASDAQ:TCX) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Tucows Inc. (NASDAQ:TCX) shares have recently surpassed their 200-day moving average of $18.34, reaching a trading high of $20.88, indicating positive momentum in the stock price.
• The company reported a quarterly loss of ($1.41) earnings per share, despite generating $98.46 million in revenue.
• Insider trading showed CEO Elliot Noss sold 3,200 shares at an average price of $20.44, while hedge funds increased their positions, with 73.64% of the stock now owned by institutional investors.

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.34 and traded as high as $20.88. Tucows shares last traded at $20.63, with a volume of 17,310 shares changing hands.

Tucows Stock Down 0.1%

The stock has a fifty day simple moving average of $20.17 and a 200 day simple moving average of $18.41. The firm has a market capitalization of $210.74 million, a P/E ratio of -2.13 and a beta of 0.81.

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

Insider Buying and Selling

In other news, CEO Elliot Noss sold 2,000 shares of Tucows stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $21.87, for a total value of $43,740.00. Following the sale, the chief executive officer directly owned 444,498 shares of the company's stock, valued at approximately $9,721,171.26. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 12,000 shares of company stock worth $252,366 over the last quarter. 9.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tucows

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider's stock worth $49,000 after purchasing an additional 1,726 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in shares of Tucows by 0.6% in the second quarter. EdgePoint Investment Group Inc. now owns 2,118,575 shares of the information services provider's stock worth $41,877,000 after purchasing an additional 12,410 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Tucows by 22.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,000 shares of the information services provider's stock worth $731,000 after acquiring an additional 6,900 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Tucows by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider's stock worth $627,000 after acquiring an additional 17,539 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Tucows by 5.0% in the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock worth $200,000 after acquiring an additional 563 shares in the last quarter. 73.64% of the stock is owned by institutional investors.

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.