Tucows Inc. (TCX) Director Allen Karp Sells 5,000 Shares
Tucows Inc. (NASDAQ:TCX) Director Allen Karp sold 5,000 shares of Tucows stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $39.89, for a total transaction of $199,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Tucows Inc. (NASDAQ:TCX) opened at 31.94 on Friday. The firm has a market cap of $332.94 million, a PE ratio of 23.71 and a beta of 0.95. The firm’s 50-day moving average is $28.03 and its 200 day moving average is $25.56. Tucows Inc. has a 12-month low of $17.67 and a 12-month high of $33.94.
Tucows (NASDAQ:TCX) last released its earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The company had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.90 million. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Equities research analysts predict that Tucows Inc. will post $1.42 EPS for the current year.
TCX has been the subject of a number of research reports. Cantor Fitzgerald cut shares of Tucows from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Zacks Investment Research cut shares of Tucows from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. purchased a new position in Tucows during the second quarter worth about $142,000. Royal Bank of Canada raised its position in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock valued at $155,000 after buying an additional 6,836 shares during the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV bought a new position in shares of Tucows during the second quarter valued at $463,000. Institutional investors own 19.97% of the company’s stock.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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