Tucows (NASDAQ:TCX) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Tucows Inc.'s stock price recently exceeded its 200-day moving average, indicating potential upward momentum in trading.
• The company reported a loss of ($1.41) earnings per share for the most recent quarter, despite generating revenue of $98.46 million.
• Institutional investors hold a significant 73.64% of Tucows' stock, with recent increases in positions from several funds during the last quarter.

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.56 and traded as high as $18.85. Tucows shares last traded at $18.83, with a volume of 13,519 shares.

Tucows Trading Down 2.0%

The firm has a market capitalization of $202.54 million, a PE ratio of -2.05 and a beta of 0.81. The business has a fifty day moving average price of $19.89 and a two-hundred day moving average price of $18.64.

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

Insider Transactions at Tucows

In related news, CEO Elliot Noss sold 3,200 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $20.44, for a total transaction of $65,408.00. Following the transaction, the chief executive officer owned 452,098 shares of the company's stock, valued at approximately $9,240,883.12. This represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 12,000 shares of company stock worth $252,366. 9.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tucows

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Tucows by 234.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider's stock worth $49,000 after acquiring an additional 1,726 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Tucows by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock worth $72,000 after acquiring an additional 867 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Tucows during the 1st quarter worth about $80,000. Bank of America Corp DE lifted its stake in Tucows by 34.2% during the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after acquiring an additional 2,448 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Tucows by 5.0% during the 1st 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. Institutional investors and hedge funds own 73.64% of the company's stock.

About Tucows

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.