Tucows (TSE:TC) Stock Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Tucows Inc. (TSE:TC) shares have fallen below their 50-day moving average of C$26.80, trading as low as C$24.00, which raises concerns about a potential sell-off.
• The company's current metrics reveal a quick ratio of 0.29 and a negative debt-to-equity ratio of -965.45, indicating financial instability.
• Tucows provides mobile services and Internet access, as well as solutions for other retail mobile providers and is a global distributor of Internet services.

Tucows Inc. (TSE:TC - NYSE: TCX shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$26.80 and traded as low as C$24.00. Tucows shares last traded at C$24.17, with a volume of 730 shares trading hands.

Tucows Trading Down 1.6%

The company has a quick ratio of 0.29, a current ratio of 1.11 and a debt-to-equity ratio of -965.45. The business's 50 day moving average is C$26.80 and its two-hundred day moving average is C$25.81. The firm has a market capitalization of C$267.76 million, a P/E ratio of -2.78 and a beta of 1.10.

About Tucows

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.