Tucows (NASDAQ:TCX) Share Price Passes Above Two Hundred Day Moving Average of $20.16

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.16 and traded as high as $24.52. Tucows shares last traded at $23.38, with a volume of 20,112 shares changing hands.

Tucows Stock Down 4.7 %

The business has a fifty day moving average of $21.35 and a 200 day moving average of $20.13. The company has a market capitalization of $244.10 million, a PE ratio of -2.34 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 43.87.

Tucows (NASDAQ:TCX) (TSE:TC) last announced 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 for the quarter.

Hedge Funds Weigh In On Tucows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Tucows by 16,766.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,006 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Tucows by 131.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,963 shares of the information services provider’s stock valued at $53,000 after buying an additional 1,115 shares during the period. National Bank of Canada FI boosted its stake in shares of Tucows by 28.6% in the 4th quarter. National Bank of Canada FI now owns 3,679 shares of the information services provider’s stock valued at $92,000 after buying an additional 819 shares during the period. SG Americas Securities LLC purchased a new position in shares of Tucows in the 4th quarter valued at about $120,000. Finally, BNP Paribas Financial Markets raised its position in shares of Tucows by 81.5% during the 1st 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 in the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

About Tucows

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.