Tucows (NASDAQ:TCX) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.45 and traded as high as $19.78. Tucows shares last traded at $19.58, with a volume of 61,678 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Tucows from a “hold” rating to a “sell” rating in a research report on Monday, February 17th.

Tucows Price Performance

The stock has a market cap of $215.97 million, a PE ratio of -1.91 and a beta of 0.81. The firm has a 50-day moving average of $16.61 and a 200-day moving average of $18.45.

Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings results on Thursday, February 13th. The information services provider reported ($1.43) earnings per share for the quarter. The business had revenue of $93.10 million during the quarter.

Insider Buying and Selling at Tucows

In other news, CEO Elliot Noss sold 7,760 shares of Tucows stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $17.25, for a total value of $133,860.00. Following the completion of the transaction, the chief executive officer now owns 470,198 shares in the company, valued at approximately $8,110,915.50. The trade was a 1.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 14,260 shares of company stock worth $240,957 in the last quarter. 11.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tucows

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Tucows by 307.6% in the 3rd quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock worth $238,000 after purchasing an additional 8,592 shares during the period. Jane Street Group LLC boosted its holdings in shares of Tucows by 7.6% in the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after purchasing an additional 966 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tucows by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider’s stock worth $4,185,000 after purchasing an additional 5,503 shares during the period. R Squared Ltd purchased a new position in shares of Tucows in the 4th quarter worth approximately $32,000. Finally, Bard Associates Inc. boosted its holdings in shares of Tucows by 22.3% in the 3rd quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider’s stock worth $510,000 after purchasing an additional 4,450 shares during the period. 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.