Tucows Inc. (NASDAQ:TCX) (TSE:TC) EVP David John Woroch sold 6,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $60.68, for a total value of $364,080.00. Following the completion of the transaction, the executive vice president now directly owns 52,872 shares in the company, valued at $3,208,272.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NASDAQ:TCX traded up $0.61 during mid-day trading on Monday, hitting $62.48. The company had a trading volume of 1,480 shares, compared to its average volume of 119,754. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.74. Tucows Inc. has a 1 year low of $49.69 and a 1 year high of $90.21. The firm has a market capitalization of $664.03 million, a PE ratio of 39.11 and a beta of 1.14.
Tucows (NASDAQ:TCX) (TSE:TC) last released its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Tucows had a net margin of 4.92% and a return on equity of 21.03%. The company had revenue of $78.95 million during the quarter, compared to analysts’ expectations of $83.00 million. During the same period last year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities analysts anticipate that Tucows Inc. will post 1.94 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Tucows by 0.9% in the fourth quarter. BlackRock Inc. now owns 497,236 shares of the information services provider’s stock valued at $29,864,000 after purchasing an additional 4,562 shares during the period. FMR LLC increased its position in shares of Tucows by 64,185.7% during the fourth quarter. FMR LLC now owns 450,000 shares of the information services provider’s stock worth $27,027,000 after acquiring an additional 449,300 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tucows by 5.7% during the third quarter. Vanguard Group Inc. now owns 76,213 shares of the information services provider’s stock worth $4,249,000 after acquiring an additional 4,143 shares during the last quarter. Manitou Investment Management Ltd. increased its position in shares of Tucows by 388.0% during the first quarter. Manitou Investment Management Ltd. now owns 67,194 shares of the information services provider’s stock worth $5,450,000 after acquiring an additional 53,424 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in shares of Tucows by 39.5% during the first quarter. Martingale Asset Management L P now owns 48,004 shares of the information services provider’s stock worth $3,898,000 after acquiring an additional 13,600 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors.
TCX has been the topic of several research reports. Zacks Investment Research lowered Tucows from a “buy” rating to a “sell” rating in a research report on Thursday, May 16th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Tucows in a research report on Tuesday, March 19th. ValuEngine raised Tucows from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Finally, BidaskClub raised Tucows from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th.
Tucows Company Profile
Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.
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