Tucows (NASDAQ:TCX) Issues Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) announced its earnings results on Thursday. The information services provider reported ($1.42) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $98.56 million for the quarter.

Tucows Stock Performance

Shares of NASDAQ:TCX traded up $0.71 during midday trading on Friday, hitting $19.95. 57,440 shares of the company’s stock traded hands, compared to its average volume of 27,499. The firm’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $18.94. Tucows has a twelve month low of $13.27 and a twelve month high of $23.38. The company has a market cap of $221.01 million, a PE ratio of -2.24 and a beta of 0.91.

Institutional Investors Weigh In On Tucows

A number of large investors have recently modified their holdings of TCX. Tower Research Capital LLC TRC raised its holdings in shares of Tucows by 234.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after buying an additional 1,726 shares during the period. JPMorgan Chase & Co. grew its position in Tucows by 117.4% in the third quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 3,739 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Tucows by 6.2% during the third quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock valued at $187,000 after purchasing an additional 590 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Tucows by 89.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock valued at $627,000 after purchasing an additional 17,539 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Tucows by 2.6% during the third quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock worth $8,934,000 after purchasing an additional 12,392 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Analyst Ratings Changes

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

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.