Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's stock price passed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $17.69 and traded as high as $21.48. Tucows shares last traded at $21.38, with a volume of 14,021 shares.
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.
Check Out Our Latest Report on TCX
Tucows Trading Up 5.1%
The company has a market cap of $248.63 million, a P/E ratio of -2.44 and a beta of 0.83. The stock's 50-day moving average price is $19.11 and its 200-day moving average price is $17.69.
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 (EPS) for the quarter. The firm had revenue of $94.61 million for the quarter.
Hedge Funds Weigh In On Tucows
Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in Tucows in the 4th quarter valued at about $361,000. Bank of America Corp DE lifted its position in Tucows by 34.2% in the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock valued at $165,000 after acquiring an additional 2,448 shares in the last quarter. Northern Trust Corp lifted its position in Tucows by 1.5% in the 4th 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 in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Tucows by 32.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider's stock valued at $410,000 after acquiring an additional 5,916 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Tucows by 5.4% in the 4th 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 in the last quarter. Institutional investors own 73.64% of the company's stock.
About Tucows
(
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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