Tucows (TSE:TC) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Tucows Inc. (TSE:TC) (NYSE:TCX)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.31 and traded as low as C$12.78. Tucows shares last traded at C$13.68, with a volume of 2,800 shares traded.

Tucows Stock Up 3.2%

The firm has a market cap of C$152.52 million, a price-to-earnings ratio of -1.92 and a beta of 1.87. The business’s 50 day moving average price is C$17.44 and its 200 day moving average price is C$22.31. The company has a debt-to-equity ratio of -383.58, a quick ratio of 0.29 and a current ratio of 0.29.

Tucows (TSE:TC) (NYSE:TCX) last posted its earnings results on Thursday, May 7th. The company reported C($2.27) earnings per share (EPS) for the quarter. Tucows had a negative net margin of 20.08% and a positive return on equity of 51.57%. The firm had revenue of C$134.38 million during the quarter. On average, equities analysts forecast that Tucows Inc. will post 1.77 EPS for the current year.

Tucows Company Profile

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( https://ting.com ) delivers fixed fiber Internet access with outstanding customer support. Wavelo ( https://wavelo.com ) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( https://tucowsdomains.com ) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs.