Tucows (NASDAQ:TCX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $13.13 and traded as low as $8.79. Tucows shares last traded at $9.18, with a volume of 78,886 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Tucows Stock Performance

The firm has a market capitalization of $107.24 million, a price-to-earnings ratio of -1.27 and a beta of 0.92. The company has a 50-day moving average price of $10.84 and a 200-day moving average price of $13.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc purchased a new position in shares of Tucows in the 2nd quarter valued at $72,000. Quantinno Capital Management LP lifted its position in 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 acquiring an additional 1,339 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Tucows in the second quarter valued at $269,000. Finally, Blackhawk Capital Partners LLC boosted its stake in 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 acquiring an additional 11,385 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Tucows Company Profile

Tucows Inc is an internet services company that provides domain name registration, domain portfolio management, and related digital services to businesses, resellers, and individual customers. Through its Tucows Domains business, the company supports the registration, transfer, renewal, and management of domain names and offers services such as website security, email, and privacy protection.

Tucows also operates Ting Internet, a fiber internet service provider serving select communities in the United States.