Tucows (NASDAQ:TCX) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Tucows (NASDAQ:TCX - Free Report) TSE: TC from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Tucows Stock Performance

TCX traded down $0.09 during trading on Tuesday, reaching $17.01. The company's stock had a trading volume of 53,787 shares, compared to its average volume of 38,631. The company has a market capitalization of $187.67 million, a price-to-earnings ratio of -1.66 and a beta of 0.71. The company's fifty day moving average price is $17.51 and its 200-day moving average price is $18.13. Tucows has a 52-week low of $14.50 and a 52-week high of $26.48.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last released its 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 during the quarter.

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Insider Activity

In other news, CEO Elliot Noss sold 2,000 shares of the firm's stock in a transaction on 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 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 filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 14,260 shares of company stock worth $240,957. Company insiders own 11.60% of the company's stock.

Institutional Trading of Tucows

Large investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in Tucows in the 4th quarter valued at approximately $32,000. Wells Fargo & Company MN raised its holdings in shares of Tucows by 25.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider's stock worth $72,000 after acquiring an additional 867 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Tucows by 34.2% in the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider's stock valued at $165,000 after acquiring an additional 2,448 shares in the last quarter. Barclays PLC boosted its stake in shares of Tucows by 307.6% during the third quarter. Barclays PLC now owns 11,385 shares of the information services provider's stock valued at $238,000 after acquiring an additional 8,592 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Tucows by 7.6% during the 3rd 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 in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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.