Tucows (NASDAQ:TCX) Share Price Crosses 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%.

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC's stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Tucows Trading Down 0.3%

The business's fifty day moving average price is $19.17 and its 200 day moving average price is $18.53. The company has a market capitalization of $207.49 million, a P/E ratio of -2.10 and a beta of 0.81.

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

Insider Activity at Tucows

In other news, CEO Elliot Noss sold 2,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $21.87, for a total value of $43,740.00. Following 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 document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,000 shares of company stock valued at $252,366 over the last 90 days. Insiders own 9.40% of the company's stock.

Hedge Funds Weigh In On Tucows

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp grew its stake in Tucows by 1.5% during the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock worth $1,350,000 after buying an additional 1,181 shares in the last quarter. Jane Street Group LLC grew its stake in Tucows by 45.8% during the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock worth $341,000 after buying an additional 6,255 shares in the last quarter. Bank of America Corp DE grew 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 in the last quarter. D. E. Shaw & Co. Inc. grew its stake 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 worth $410,000 after buying an additional 5,916 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Tucows during the fourth quarter worth about $361,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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.