Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

TCX has been the subject of several other research reports. Echelon Wealth Partners raised Nanotech Security from a “hold” rating to a “speculative buy” rating in a research note on Thursday, May 9th. BidaskClub downgraded Waterstone Financial from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, Zacks Investment Research downgraded Yatra Online from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th.

Shares of NASDAQ TCX opened at $50.60 on Thursday. The stock has a market cap of $539.14 million, a price-to-earnings ratio of 31.82 and a beta of 1.09. Tucows has a one year low of $49.00 and a one year high of $90.21. The stock’s fifty day moving average is $60.32. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.93.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Wednesday, May 8th. The information services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $78.95 million for the quarter, compared to analysts’ expectations of $83.00 million. Tucows had a return on equity of 21.03% and a net margin of 4.92%. Tucows’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Tucows will post 1.94 earnings per share for the current year.

In related news, EVP David John Woroch sold 6,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $60.68, for a total value of $364,080.00. Following the completion of the transaction, the executive vice president now owns 52,872 shares of the company’s stock, valued at approximately $3,208,272.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc raised its stake in Tucows by 17.5% in the 4th quarter. Legal & General Group Plc now owns 1,794 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 267 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Tucows by 49,575.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,987 shares of the information services provider’s stock valued at $161,000 after purchasing an additional 1,983 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Tucows by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,115 shares of the information services provider’s stock valued at $187,000 after purchasing an additional 2,433 shares during the last quarter. Bank of America Corp DE raised its stake in Tucows by 114.4% in the 4th quarter. Bank of America Corp DE now owns 5,334 shares of the information services provider’s stock valued at $320,000 after purchasing an additional 2,846 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp raised its stake in Tucows by 9.7% in the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 5,721 shares of the information services provider’s stock valued at $458,000 after purchasing an additional 504 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

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