Tucows (NASDAQ:TCX) Issues Quarterly Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) issued its quarterly earnings results on Thursday. The information services provider reported ($1.42) earnings per share for the quarter, Zacks reports.

Tucows Price Performance

Shares of TCX stock traded down $0.16 during mid-day trading on Thursday, hitting $19.24. The company had a trading volume of 12,250 shares, compared to its average volume of 27,358. Tucows has a 52-week low of $13.27 and a 52-week high of $23.38. The stock’s 50 day moving average price is $18.45 and its 200-day moving average price is $18.91. The company has a market capitalization of $213.14 million, a P/E ratio of -2.16 and a beta of 0.91.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Tucows

Several hedge funds have recently modified their holdings of TCX. Goldman Sachs Group Inc. lifted its holdings in shares of Tucows by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock worth $627,000 after buying an additional 17,539 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 buying an additional 1,726 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Tucows by 6.2% in the third quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock worth $187,000 after buying an additional 590 shares in the last quarter. Hedge funds and other institutional investors 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.