Tucows (NASDAQ:TCX) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.31 and traded as low as $12.83. Tucows shares last traded at $13.12, with a volume of 37,257 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Tucows from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Tucows Trading Down 1.6%

The business’s 50-day simple moving average is $15.00 and its 200 day simple moving average is $18.31. The company has a market capitalization of $146.29 million, a P/E ratio of -1.85 and a beta of 0.88.

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

Hedge Funds Weigh In On Tucows

Several hedge funds have recently modified their holdings of TCX. BNP Paribas Financial Markets raised its stake in shares of Tucows by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after buying an additional 551 shares in the last quarter. Rhumbline Advisers grew its holdings in Tucows by 6.2% during the third quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock worth $187,000 after acquiring an additional 590 shares during the period. Quantinno Capital Management LP grew its holdings in Tucows by 7.2% during the first quarter. Quantinno Capital Management LP now owns 19,867 shares of the information services provider’s stock worth $341,000 after acquiring an additional 1,339 shares during the period. Tower Research Capital LLC TRC grew its holdings in Tucows by 234.8% during the second 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 during the period. Finally, Barclays PLC raised its position in Tucows by 21.6% in the fourth quarter. Barclays PLC now owns 11,571 shares of the information services provider’s stock worth $259,000 after acquiring an additional 2,059 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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.