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

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.59 and traded as low as $10.52. Tucows shares last traded at $10.64, with a volume of 41,146 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Tucows Price Performance

The firm has a market cap of $118.64 million, a P/E ratio of -1.50 and a beta of 0.89. The company’s 50-day simple moving average is $14.16 and its 200 day simple moving average is $17.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in 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 acquiring an additional 17,539 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Tucows by 234.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after purchasing an additional 1,726 shares during the last quarter. Rhumbline Advisers lifted its stake 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. boosted 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 worth $128,000 after purchasing an additional 3,739 shares during the period. Finally, Vanguard Group Inc. boosted 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 worth $8,934,000 after purchasing an additional 12,392 shares during the period. Hedge funds and other institutional investors own 73.64% of the company’s stock.

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.