Tucows (NASDAQ:TCX) Stock Price Passes Above 200-Day Moving Average - Here's Why

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.36 and traded as high as $20.27. Tucows shares last traded at $20.00, with a volume of 46,523 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tucows from a "hold" rating to a "sell" rating in a research note on Monday, February 17th.

Tucows Stock Performance

The company has a market capitalization of $220.60 million, a PE ratio of -1.95 and a beta of 0.71. The stock has a fifty day moving average of $17.30 and a 200 day moving average of $18.36.

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

Insider Buying and Selling

In other news, CEO Elliot Noss sold 2,000 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $16.91, for a total value of $33,820.00. Following the completion of the transaction, the chief executive officer now directly owns 479,358 shares in the company, valued at $8,105,943.78. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 14,260 shares of company stock worth $240,957 in the last three months. 11.60% of the stock is owned by insiders.

Institutional Trading of Tucows

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in shares of Tucows in the fourth quarter worth approximately $361,000. Barclays PLC raised its position 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 purchasing an additional 8,592 shares during the period. Jane Street Group LLC grew its stake in shares of Tucows by 45.8% in the fourth quarter. Jane Street Group LLC now owns 19,901 shares of the information services provider's stock valued at $341,000 after buying an additional 6,255 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Tucows by 32.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider's stock valued at $410,000 after buying an additional 5,916 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Tucows by 2.8% in 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 buying an additional 5,503 shares in the last quarter. 73.64% of the stock is 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.

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