BidaskClub Downgrades Tucows Inc. (TCX) to Strong Sell
BidaskClub downgraded shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) from a sell rating to a strong sell rating in a report released on Tuesday morning.
Separately, Zacks Investment Research lowered shares of Tucows from a hold rating to a sell rating in a research note on Friday, August 11th.
Tucows (NASDAQ TCX) opened at 51.15 on Tuesday. Tucows has a 12 month low of $27.25 and a 12 month high of $63.20. The stock has a 50 day moving average price of $52.98 and a 200 day moving average price of $54.72. The stock has a market capitalization of $539.79 million, a P/E ratio of 36.05 and a beta of 1.40.
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In other Tucows news, Director Rawleigh Hazen Iv Ralls sold 13,658 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $55.68, for a total value of $760,477.44. Following the completion of the sale, the director now owns 22,548 shares in the company, valued at approximately $1,255,472.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Allen Karp sold 1,900 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $59.92, for a total transaction of $113,848.00. The disclosure for this sale can be found here. Insiders sold a total of 68,058 shares of company stock worth $3,855,800 over the last ninety days. 13.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its holdings in Tucows by 6.6% in the 2nd quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 503,961 shares of the information services provider’s stock valued at $25,892,000 after acquiring an additional 31,011 shares during the last quarter. TD Asset Management Inc. acquired a new stake in Tucows in the 1st quarter valued at about $263,000. Van Berkom & Associates Inc. raised its holdings in Tucows by 241.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 313,272 shares of the information services provider’s stock valued at $16,773,000 after acquiring an additional 221,485 shares during the last quarter. CLS Investments LLC raised its holdings in Tucows by 276.6% in the 2nd quarter. CLS Investments LLC now owns 165,000 shares of the information services provider’s stock valued at $8,828,000 after acquiring an additional 121,187 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in Tucows in the 1st quarter valued at about $236,000. Institutional investors own 43.94% of the company’s stock.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.
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