Tucows (NASDAQ:TCX) Announces Quarterly Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) issued its quarterly earnings results on Thursday. The information services provider reported ($0.52) EPS for the quarter, FiscalAI reports. The company had revenue of $99.97 million during the quarter.

Tucows Trading Up 6.5%

Shares of NASDAQ:TCX traded up $0.77 on Friday, hitting $12.69. The company had a trading volume of 72,559 shares, compared to its average volume of 93,484. The stock has a market cap of $141.87 million, a price-to-earnings ratio of -1.99 and a beta of 0.88. The stock has a 50 day moving average price of $10.36 and a 200 day moving average price of $14.01. Tucows has a 1-year low of $8.45 and a 1-year high of $25.17.

Institutional Trading of Tucows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in Tucows during the second quarter worth approximately $269,000. Versant Capital Management Inc acquired a new position in shares of Tucows in the second quarter valued at approximately $72,000. Quantinno Capital Management LP grew its position in shares of Tucows by 7.2% in the first quarter. Quantinno Capital Management LP now owns 19,867 shares of the information services provider’s stock valued at $341,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Blackhawk Capital Partners LLC grew its position in shares of Tucows by 22.5% in the first quarter. Blackhawk Capital Partners LLC now owns 62,078 shares of the information services provider’s stock valued at $1,065,000 after purchasing an additional 11,385 shares during the last quarter. Institutional investors own 73.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a technology company that provides internet services, domain name services and software solutions for communications providers. Its businesses have historically included domain registration and related services, consumer internet connectivity through Ting Internet, and telecommunications software offered under the Wavelo brand.

Through its Domains business, Tucows provides domain registration, wholesale domain services, digital identity products and related tools for businesses, resellers and individual customers.