Tucows (NASDAQ:TCX) Lowered to “Sell” Rating by StockNews.com

Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Tucows Stock Up 26.6 %

Shares of TCX stock traded up $4.02 during mid-day trading on Monday, hitting $19.15. 225,011 shares of the stock were exchanged, compared to its average volume of 21,798. Tucows has a 52-week low of $14.50 and a 52-week high of $26.48. The firm has a fifty day moving average of $16.34 and a 200 day moving average of $18.59. The company has a market cap of $210.84 million, a PE ratio of -2.31 and a beta of 0.81.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Thursday, February 13th. The information services provider reported ($1.43) EPS for the quarter. The business had revenue of $93.10 million during the quarter.

Insider Transactions at Tucows

In other news, CEO Elliot Noss sold 2,000 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $16.91, for a total value of $33,820.00. Following the completion of the sale, the chief executive officer now directly owns 479,358 shares in the company, valued at $8,105,943.78. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 6,500 shares of company stock valued at $107,097 over the last 90 days. Corporate insiders own 11.60% of the company’s stock.

Institutional Trading of Tucows

Large investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Tucows in the fourth quarter valued at approximately $32,000. Wells Fargo & Company MN grew its holdings in Tucows by 25.9% in the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock valued at $72,000 after buying an additional 867 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Tucows by 34.2% in the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider’s stock worth $165,000 after acquiring an additional 2,448 shares during the last quarter. Barclays PLC raised its holdings in shares of Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock worth $216,000 after acquiring an additional 1,240 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Tucows by 7.6% during the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock valued at $285,000 after acquiring an additional 966 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

About Tucows

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.