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

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price 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 trading hands.

Analyst Ratings Changes

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

Tucows Stock Up 8.2 %

The company has a debt-to-equity ratio of 43.87, a current ratio of 1.03 and a quick ratio of 1.00. The firm has a 50-day simple moving average of $20.72 and a 200 day simple moving average of $20.06.

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

Hedge Funds Weigh In On Tucows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Tucows by 0.6% during the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $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 first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after acquiring an additional 2,371 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its stake in Tucows by 1.3% during the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock worth $37,391,000 after purchasing an additional 25,000 shares during the period. Tower Research Capital LLC TRC grew its stake in Tucows by 131.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,963 shares of the information services provider’s stock worth $53,000 after purchasing an additional 1,115 shares during the period. Finally, Bard Associates Inc. grew its stake in Tucows by 5.2% during the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after purchasing an additional 800 shares during the period. 73.64% of the stock is currently owned by institutional investors.

Tucows Company Profile

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.