StockNews.com Downgrades Tucows (NASDAQ:TCX) to Sell

StockNews.com cut shares of Tucows (NASDAQ:TCX - Free Report) TSE: TC from a hold rating to a sell rating in a research note published on Monday morning.

Tucows Stock Down 2.1 %

NASDAQ:TCX traded down $0.40 during midday trading on Monday, hitting $19.10. The stock had a trading volume of 66,369 shares, compared to its average volume of 34,572. The company has a market capitalization of $210.67 million, a price-to-earnings ratio of -1.86 and a beta of 0.81. The stock has a 50-day moving average of $16.45 and a 200 day moving average of $18.57. Tucows has a one year low of $14.50 and a one year high of $26.48.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last issued its quarterly earnings data on Thursday, February 13th. The information services provider reported ($1.43) EPS for the quarter. The firm had revenue of $93.10 million during the quarter.

Insider Buying and Selling

In other Tucows news, CEO Elliot Noss sold 7,760 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $17.25, for a total transaction of $133,860.00. Following the transaction, the chief executive officer now directly owns 470,198 shares in the company, valued at $8,110,915.50. This represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 14,260 shares of company stock worth $240,957. Insiders own 11.60% of the company's stock.

Institutional Trading of Tucows

Several hedge funds have recently modified their holdings of TCX. Barclays PLC increased its holdings in Tucows by 307.6% in the third quarter. Barclays PLC now owns 11,385 shares of the information services provider's stock valued at $238,000 after buying an additional 8,592 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Tucows by 7.6% during the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider's stock worth $285,000 after purchasing an additional 966 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tucows by 2.8% during the third quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider's stock worth $4,185,000 after purchasing an additional 5,503 shares during the last quarter. R Squared Ltd purchased a new position in shares of Tucows during the fourth quarter worth about $32,000. Finally, Bard Associates Inc. grew its holdings in shares of Tucows by 22.3% during the third quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider's stock worth $510,000 after purchasing an additional 4,450 shares during the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

Tucows Company Profile

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.