Somewhat Favorable News Coverage Somewhat Likely to Impact Tucows (TCX) Share Price
News coverage about Tucows (NASDAQ:TCX) (TSE:TC) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tucows earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
Shares of Tucows (NASDAQ:TCX) traded down 0.08% during mid-day trading on Thursday, reaching $59.10. The company’s stock had a trading volume of 50,285 shares. The company’s 50-day moving average is $57.99 and its 200 day moving average is $50.18. Tucows has a 1-year low of $25.63 and a 1-year high of $63.20. The firm has a market capitalization of $621.08 million, a P/E ratio of 44.84 and a beta of 1.37.
Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings results on Tuesday, May 9th. The information services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.13. Tucows had a return on equity of 43.00% and a net margin of 6.55%. The company had revenue of $69.60 million during the quarter, compared to analyst estimates of $84.05 million. During the same period last year, the firm earned $0.42 earnings per share. The business’s revenue was up 55.7% compared to the same quarter last year. On average, analysts expect that Tucows will post $2.20 earnings per share for the current year.
Separately, Zacks Investment Research cut Tucows from a “buy” rating to a “sell” rating in a research report on Tuesday, March 28th.
In other news, Director Rawleigh Hazen Iv Ralls sold 52,500 shares of Tucows stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $56.79, for a total value of $2,981,475.00. Following the completion of the sale, the director now owns 34,355 shares of the company’s stock, valued at $1,951,020.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael Goldstein sold 9,876 shares of Tucows stock in a transaction on Friday, May 12th. The shares were sold at an average price of $58.76, for a total value of $580,313.76. Following the completion of the sale, the vice president now directly owns 4,163 shares of the company’s stock, valued at approximately $244,617.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,701 shares of company stock valued at $10,773,117. Insiders own 17.20% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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