Tucows (NASDAQ:TCX) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.69 and traded as high as $18.90. Tucows shares last traded at $18.89, with a volume of 7,493 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tucows Price Performance

The firm has a 50 day simple moving average of $18.43 and a two-hundred day simple moving average of $18.69. The stock has a market cap of $209.30 million, a price-to-earnings ratio of -2.12 and a beta of 0.87.

Tucows (NASDAQ:TCX) (TSE:TC) last released its earnings results on Thursday, August 7th. The information services provider reported ($1.41) earnings per share for the quarter. The business had revenue of $98.46 million during the quarter.

Hedge Funds Weigh In On Tucows

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in Tucows by 5.0% in the first quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider’s stock valued at $200,000 after buying an additional 563 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after acquiring an additional 1,726 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Tucows in the first quarter worth about $80,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Tucows by 22.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,000 shares of the information services provider’s stock worth $731,000 after acquiring an additional 6,900 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its holdings in shares of Tucows by 0.6% in the second quarter. EdgePoint Investment Group Inc. now owns 2,118,575 shares of the information services provider’s stock worth $41,877,000 after acquiring an additional 12,410 shares in the last quarter. 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.