Weiss Ratings Reiterates Sell (D-) Rating for Tucows (NASDAQ:TCX)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Tucows (NASDAQ: TCX) in a recent research note, indicating ongoing concerns about the company's stock performance.
• Tucows’ stock is currently priced at $18.84 with a market cap of $208.75 million, and its 1-year trading range has seen highs of $23.38 and lows of $13.27.
• Hedge funds have shown increased interest in Tucows, with significant changes in holdings, indicating that institutional investors now own 73.64% of the company's shares.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC's stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Tucows Price Performance

Tucows stock opened at $18.84 on Wednesday. Tucows has a 1-year low of $13.27 and a 1-year high of $23.38. The stock has a market cap of $208.75 million, a PE ratio of -2.11 and a beta of 0.87. The stock's fifty day moving average is $18.52 and its two-hundred day moving average is $18.54.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last posted its quarterly earnings results 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 during the quarter.

Hedge Funds Weigh In On Tucows

Several hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its holdings in shares of Tucows by 0.6% during the second quarter. EdgePoint Investment Group Inc. now owns 2,118,575 shares of the information services provider's stock worth $41,877,000 after purchasing an additional 12,410 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Tucows during the first quarter worth about $8,625,000. GSA Capital Partners LLP grew its holdings in shares of Tucows by 123.6% during the first quarter. GSA Capital Partners LLP now owns 38,199 shares of the information services provider's stock worth $645,000 after purchasing an additional 21,112 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tucows by 89.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider's stock worth $627,000 after purchasing an additional 17,539 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Tucows by 22.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,000 shares of the information services provider's stock worth $731,000 after purchasing an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company's stock.

About Tucows

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.

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