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

Key Points

• Tucows Inc. (NASDAQ:TCX) stock has recently crossed above its 200-day moving average of $18.54, trading as high as $19.05.
• The company reported a quarterly loss of ($1.41) earnings per share (EPS) with revenue of $98.46 million in its latest earnings report.
• Insider trading activity revealed that CEO Elliot Noss sold 3,200 shares valued at $65,408, reducing his ownership by 0.70%.

Shares of Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.54 and traded as high as $19.05. Tucows shares last traded at $18.78, with a volume of 17,812 shares.

Tucows Price Performance

The business's 50 day moving average price is $19.10 and its 200 day moving average price is $18.50. The stock has a market capitalization of $207.42 million, a P/E ratio of -2.10 and a beta of 0.81.

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

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 2,000 shares of Tucows stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $21.87, for a total value of $43,740.00. Following the completion of the sale, the chief executive officer owned 444,498 shares of the company's stock, valued at $9,721,171.26. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 12,000 shares of company stock valued at $252,366 over the last three months. Insiders own 11.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Tucows by 5.0% during the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock valued at $200,000 after buying an additional 563 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tucows by 1.5% during the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock valued at $1,350,000 after purchasing an additional 1,181 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings 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 valued at $49,000 after buying an additional 1,726 shares in the last quarter. Bank of America Corp DE increased its position in Tucows by 34.2% in the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock worth $165,000 after purchasing an additional 2,448 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in Tucows during the first quarter worth approximately $80,000. 73.64% of the stock is owned by hedge funds and other institutional investors.

Tucows Company Profile

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.