Tucows (NASDAQ:TCX) Issues Quarterly Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) announced its earnings results on Thursday. The information services provider reported ($1.73) earnings per share (EPS) for the quarter, Zacks reports.

Tucows Trading Down 4.6%

NASDAQ:TCX traded down $0.86 during midday trading on Thursday, reaching $17.75. The company had a trading volume of 22,312 shares, compared to its average volume of 20,683. Tucows has a 12-month low of $13.27 and a 12-month high of $25.17. The firm has a market capitalization of $197.03 million, a price-to-earnings ratio of -1.98 and a beta of 1.00. The stock’s fifty day simple moving average is $22.47 and its 200-day simple moving average is $20.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tucows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased 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 worth $627,000 after buying an additional 17,539 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 worth $49,000 after acquiring an additional 1,726 shares in the last quarter. Rhumbline Advisers increased its position in shares of Tucows by 6.2% in the 3rd 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 last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tucows by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 3,739 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Tucows by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock valued at $8,934,000 after purchasing an additional 12,392 shares in the last quarter. 73.64% of the stock is owned by institutional investors and hedge funds.

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.