Tucows (TSE:TC) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Shares passed below its fifty-day moving average, trading as low as C$22.60 versus a 50-day MA of C$23.28 and a 200-day MA of C$27.23, with light volume reported (491 shares).
• Fundamentals show stress: the company reported a quarterly loss of C($2.62) (PE -3.30), a negative net margin of 19.43%, weak liquidity (quick ratio 0.29, current ratio 0.32) and a market cap of C$251.63 million.

Shares of Tucows Inc. (TSE:TC - Get Free Report) NYSE: TCX passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$23.28 and traded as low as C$22.60. Tucows shares last traded at C$22.60, with a volume of 491 shares traded.

Tucows Stock Performance

The company has a quick ratio of 0.29, a current ratio of 0.32 and a debt-to-equity ratio of -415.19. The business has a 50 day simple moving average of C$23.28 and a two-hundred day simple moving average of C$27.23. The firm has a market cap of C$251.63 million, a PE ratio of -3.30 and a beta of 0.97.

Tucows (TSE:TC - Get Free Report) NYSE: TCX last released its earnings results on Thursday, March 12th. The company reported C($2.62) earnings per share for the quarter. Tucows had a positive return on equity of 56.35% and a negative net margin of 19.43%.The business had revenue of C$129.64 million during the quarter. As a group, equities research analysts forecast that Tucows Inc. will post 1.77 earnings per share for the current fiscal year.

Tucows Company Profile

Tucows Inc provides us consumers and small businesses with mobile phone services nationally and high-speed fixed Internet access in selected towns. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a global distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services primarily through a global Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users.

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