Tucows (NASDAQ:TCX) Share Price Passes Above 200 Day Moving Average of $20.00

Tucows Inc. (NASDAQ:TCX) (TSE:TC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.00 and traded as high as $21.38. Tucows shares last traded at $20.49, with a volume of 27,173 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Tucows Trading Down 4.2 %

The company has a debt-to-equity ratio of 43.87, a current ratio of 0.93 and a quick ratio of 0.90. The business’s 50-day moving average price is $21.66 and its two-hundred day moving average price is $20.00. The company has a market capitalization of $224.39 million, a P/E ratio of -2.15 and a beta of 0.85.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. Tucows had a negative return on equity of 490.14% and a negative net margin of 26.01%. The company had revenue of $89.42 million for the quarter.

Institutional Investors Weigh In On Tucows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI increased its stake in Tucows by 28.6% in the 4th quarter. National Bank of Canada FI now owns 3,679 shares of the information services provider’s stock valued at $92,000 after buying an additional 819 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Tucows by 81.5% in the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after buying an additional 2,371 shares during the last quarter. Bard Associates Inc. increased its stake in Tucows by 5.2% in the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after buying an additional 800 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Tucows by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after purchasing an additional 4,234 shares during the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in shares of Tucows by 1.3% during the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock worth $37,391,000 after purchasing an additional 25,000 shares during 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.