Tucows (NASDAQ:TCX) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.45 and traded as high as $19.78. Tucows shares last traded at $19.58, with a volume of 61,678 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Tucows from a "hold" rating to a "sell" rating in a research report on Monday, February 17th.

Tucows Stock Performance

The firm's 50-day simple moving average is $16.85 and its 200 day simple moving average is $18.46. The stock has a market capitalization of $219.17 million, a P/E ratio of -1.94 and a beta of 0.81.

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

Insiders Place Their Bets

In other Tucows news, CEO Elliot Noss sold 2,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $16.91, for a total transaction of $33,820.00. Following the sale, the chief executive officer now directly owns 479,358 shares of the company's stock, valued at $8,105,943.78. The trade was a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 14,260 shares of company stock valued at $240,957 in the last three months. 11.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tucows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Tucows by 25.9% in the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock valued at $72,000 after purchasing an additional 867 shares during the period. Jane Street Group LLC raised its holdings in shares of Tucows by 7.6% in the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider's stock valued at $285,000 after purchasing an additional 966 shares during the period. Northern Trust Corp raised its holdings in shares of Tucows by 1.5% in the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider's stock valued at $1,350,000 after purchasing an additional 1,181 shares during the period. Barclays PLC raised its holdings in shares of Tucows by 10.9% in the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider's stock valued at $216,000 after purchasing an additional 1,240 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Tucows in the 4th quarter valued at about $32,000. 73.64% of the stock is owned by institutional investors.

About Tucows

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.