Tucows (NASDAQ:TCX) Shares Down 0.5% - Here's What Happened

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC shares dropped 0.5% during mid-day trading on Monday . The stock traded as low as $18.04 and last traded at $18.09. Approximately 24,066 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 38,749 shares. The stock had previously closed at $18.19.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Tucows from a "sell" rating to a "hold" rating in a research note on Monday, August 12th.

Tucows Stock Up 1.7 %

The stock has a market cap of $202.38 million, a P/E ratio of -2.22 and a beta of 0.83. The business's 50-day simple moving average is $18.10 and its two-hundred day simple moving average is $20.28.

Insider Buying and Selling

In other news, CEO Elliot Noss sold 1,500 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $21.27, for a total value of $31,905.00. Following the sale, the chief executive officer now directly owns 498,358 shares of the company's stock, valued at approximately $10,600,074.66. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 18,000 shares of company stock valued at $369,639. Company insiders own 11.60% of the company's stock.

Institutional Trading of Tucows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in Tucows by 307.6% in the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider's stock worth $238,000 after acquiring an additional 8,592 shares during the last quarter. Jane Street Group LLC increased its position in shares of Tucows by 7.6% in 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. Bard Associates Inc. raised its stake in Tucows by 22.3% in the third quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider's stock valued at $510,000 after purchasing an additional 4,450 shares in the last quarter. Geode Capital Management LLC lifted its position in Tucows by 2.8% during the third quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider's stock valued at $4,185,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Tucows by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider's stock worth $12,964,000 after buying an additional 4,234 shares in the last quarter. Institutional investors own 73.64% of the company's stock.

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.