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

Shares of Tucows Inc. (NASDAQ:TCX) (TSE:TC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.54 and traded as low as $18.13. Tucows shares last traded at $18.32, with a volume of 9,340 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tucows in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Tucows Price Performance

The company has a 50 day moving average price of $18.53 and a two-hundred day moving average price of $18.54. The stock has a market cap of $202.99 million, a PE ratio of -2.05 and a beta of 0.87.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, August 7th. The information services provider reported ($1.41) earnings per share for the quarter. The firm had revenue of $98.46 million during the quarter.

Insider Buying and Selling

In related news, CEO Elliot Noss sold 2,000 shares of the company’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $21.87, for a total transaction of $43,740.00. Following the completion of the sale, the chief executive officer owned 444,498 shares in the company, valued at approximately $9,721,171.26. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,700 shares of company stock worth $81,607 in the last three months. 11.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Tucows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position 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 valued at $627,000 after acquiring an additional 17,539 shares during the last quarter. Millennium Management LLC purchased a new stake in Tucows during the fourth quarter valued at $361,000. Bank of America Corp DE increased its position in Tucows by 34.2% during the fourth quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 2,448 shares during the last quarter. Nuveen LLC purchased a new stake in Tucows in the first quarter worth about $432,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Tucows in the first quarter worth about $510,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Tucows Company Profile

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.