Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's share price crossed 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 traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Tucows from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th.
Read Our Latest Stock Report on TCX
Tucows Price Performance
The stock has a 50 day moving average price of $19.38 and a 200-day moving average price of $17.79. The stock has a market capitalization of $251.62 million, a price-to-earnings ratio of -2.47 and a beta of 0.83.
Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last issued its quarterly earnings results 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 during the quarter.
Hedge Funds Weigh In On Tucows
A number of institutional investors have recently added to or reduced their stakes in TCX. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Tucows during the first quarter worth approximately $8,625,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tucows during the first quarter worth approximately $510,000. Nuveen LLC purchased a new position in Tucows during the first quarter worth approximately $432,000. 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 worth $645,000 after buying an additional 21,112 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Tucows during the fourth quarter worth approximately $361,000. Hedge funds and other institutional investors own 73.64% of the company's stock.
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.
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