StockNews.com initiated coverage on shares of Tucows (NASDAQ:TCX – Get Rating) (TSE:TC) in a report published on Thursday. The firm issued a hold rating on the information services provider’s stock.
Tucows Stock Performance
Shares of NASDAQ:TCX opened at $22.85 on Thursday. The firm’s fifty day moving average is $30.01 and its 200-day moving average is $34.84. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 2.47. Tucows has a 52 week low of $20.88 and a 52 week high of $72.98.
Insider Buying and Selling
In related news, major shareholder Master Fund Ltd. Blacksheep sold 53,675 shares of Tucows stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $33.19, for a total transaction of $1,781,473.25. Following the completion of the transaction, the insider now owns 1,047,123 shares of the company’s stock, valued at $34,754,012.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 77,849 shares of company stock valued at $2,608,168 over the last quarter. Insiders own 10.30% of the company’s stock.
Hedge Funds Weigh In On Tucows
Tucows, Inc is an Internet services company. The firm engages in the provision of domain names, email and other internet services. It operates through the following segments: The Mobile Services, The Fiber Internet Services, and Domain Services. The Mobile segment will contain Mobile Services Enabler (“”MSE””) and professional services product offerings, as well as the retail sale of mobile phones and retail telephony services.
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