Tucows (NASDAQ:TCX) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.99 and traded as low as $13.45. Tucows shares last traded at $13.69, with a volume of 37,755 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tucows in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tucows has a consensus rating of “Sell”.

Tucows Trading Down 0.4%

The stock has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $18.95. The firm has a market capitalization of $152.07 million, a PE ratio of -1.92 and a beta of 0.88.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its earnings results on Thursday, May 7th. The information services provider reported ($1.51) earnings per share (EPS) for the quarter. The firm had revenue of $96.66 million during the quarter.

Hedge Funds Weigh In On Tucows

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its position in shares of Tucows by 21.6% during the fourth quarter. Barclays PLC now owns 11,571 shares of the information services provider’s stock valued at $259,000 after purchasing an additional 2,059 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Tucows by 79.8% during the third quarter. Two Sigma Investments LP now owns 19,635 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 8,717 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Tucows during the fourth quarter valued at approximately $506,000. Vanguard Group Inc. boosted 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 valued at $8,934,000 after purchasing an additional 12,392 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Tucows by 117.4% during the third 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. 73.64% of the stock is owned by hedge funds and other institutional investors.

Tucows Company Profile

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.