Tucows (NASDAQ:TCX) Stock Price Passes Above Two Hundred Day Moving Average of $20.05

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.05 and traded as high as $25.59. Tucows shares last traded at $25.34, with a volume of 54,427 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Tucows from a “hold” rating to a “sell” rating in a report on Saturday, March 30th.

Tucows Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 43.87. The firm’s 50-day moving average is $20.72 and its two-hundred day moving average is $20.06.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings data on Thursday, May 9th. The information services provider reported ($2.42) earnings per share for the quarter. Tucows had a negative return on equity of 490.14% and a negative net margin of 29.91%. The company had revenue of $87.46 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its position in shares of Tucows by 1.3% during the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock valued at $37,391,000 after acquiring an additional 25,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Tucows during the 4th quarter valued at $120,000. Vanguard Group Inc. raised its position in shares of Tucows by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after acquiring an additional 4,234 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Tucows by 81.5% during the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after acquiring an additional 2,371 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Tucows by 131.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,963 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,115 shares during the last quarter. 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.