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Tucows (NASDAQ:TCX) Share Price Passes Above Two Hundred Day Moving Average Following Insider Selling

Tucows logo with Computer and Technology background

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC shares passed above its two hundred day moving average during trading on Wednesday following insider buying activity. The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

Get Our Latest Report on TCX

Tucows Stock Up 1.2%

The company has a 50 day moving average price of $19.38 and a 200-day moving average price of $17.79. The company has a market cap 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 announced its quarterly earnings results on Thursday, May 8th. The information services provider reported ($1.37) earnings per share (EPS) for the quarter. The business had revenue of $94.61 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TCX. Millennium Management LLC acquired a new position in shares of Tucows in the 4th quarter worth approximately $361,000. Bank of America Corp DE raised its stake in Tucows by 34.2% during the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after buying an additional 2,448 shares during the last quarter. Northern Trust Corp lifted its holdings in Tucows by 1.5% in the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock valued at $1,350,000 after buying an additional 1,181 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Tucows by 32.9% during the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Tucows by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider's stock worth $1,378,000 after acquiring an additional 4,109 shares during the period. 73.64% of the stock is owned by institutional investors.

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.

Further Reading

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