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Tucows (NASDAQ:TCX) Stock Crosses Above 200-Day Moving Average Following Insider Selling

Tucows logo with Computer and Technology background

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.

See Also

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