Tucows (NASDAQ:TCX) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.99 and traded as low as $13.45. Tucows shares last traded at $13.69, with a volume of 37,755 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tucows in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Tucows Trading Up 2.9%

The business’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $18.99. The firm has a market cap of $152.64 million, a P/E ratio of -1.93 and a beta of 0.88.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Thursday, May 7th. The information services provider reported ($1.51) EPS for the quarter. The firm had revenue of $96.66 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Tucows by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after buying an additional 551 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Tucows by 234.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 1,726 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Tucows by 903.4% during the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 3,487 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Tucows by 500.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,600 shares of the information services provider’s stock worth $80,000 after acquiring an additional 3,000 shares during the period. Finally, MetLife Investment Management LLC purchased a new stake in Tucows in the fourth quarter worth $87,000. Institutional investors own 73.64% of the company’s stock.

About Tucows

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.