Tucows (NASDAQ:TCX) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.80 and traded as low as $9.10. Tucows shares last traded at $9.27, with a volume of 38,891 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Tucows Stock Performance

The company has a market cap of $101.74 million, a PE ratio of -1.21 and a beta of 0.88. The company has a 50 day simple moving average of $11.71 and a two-hundred day simple moving average of $14.71.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Thursday, August 6th. The information services provider reported ($1.84) earnings per share (EPS) for the quarter. The business had revenue of $100.56 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Tucows by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock valued at $25,000 after buying an additional 551 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after buying an additional 1,726 shares during the last quarter. Versant Capital Management Inc bought a new position in Tucows during the second quarter valued at approximately $72,000. Russell Investments Group Ltd. lifted its stake in Tucows by 903.4% in the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 3,487 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Tucows by 500.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,600 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 3,000 shares during the last quarter. 73.64% of the stock is owned by institutional investors and hedge funds.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.