Tucows (NASDAQ:TCX) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Tucows (NASDAQ:TCX) (TSE:TC) from a hold rating to a sell rating in a research report released on Monday morning.

Tucows Stock Up 3.1 %

TCX stock opened at $19.80 on Monday. The firm’s fifty day simple moving average is $16.39 and its two-hundred day simple moving average is $18.57. The stock has a market capitalization of $218.00 million, a price-to-earnings ratio of -1.93 and a beta of 0.81. Tucows has a twelve month low of $14.50 and a twelve month high of $26.48.

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

Insider Activity at Tucows

In other Tucows news, CEO Elliot Noss sold 2,000 shares of Tucows stock in a transaction on Friday, January 24th. The shares were sold at an average price of $16.91, for a total value of $33,820.00. Following the transaction, the chief executive officer now directly owns 479,358 shares of the company’s stock, valued at approximately $8,105,943.78. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 14,260 shares of company stock valued at $240,957 over the last ninety days. 11.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its position in Tucows by 307.6% during the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock worth $238,000 after purchasing an additional 8,592 shares during the period. Jane Street Group LLC boosted its stake 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 buying an additional 966 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $4,185,000 after acquiring an additional 5,503 shares during the period. R Squared Ltd purchased a new position in Tucows during the fourth quarter valued at approximately $32,000. Finally, Bard Associates Inc. lifted its holdings 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 acquiring an additional 4,450 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.

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.