StockNews.com Begins Coverage on Tucows (NASDAQ:TCX)

StockNews.com initiated coverage on shares of Tucows (NASDAQ:TCX – Get Rating) (TSE:TC) in a report published on Thursday. The firm issued a hold rating on the information services provider’s stock.

Tucows Stock Performance

Shares of NASDAQ:TCX opened at $22.85 on Thursday. The firm’s fifty day moving average is $30.01 and its 200-day moving average is $34.84. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 2.47. Tucows has a 52 week low of $20.88 and a 52 week high of $72.98.

Insider Buying and Selling

In related news, major shareholder Master Fund Ltd. Blacksheep sold 53,675 shares of Tucows stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $33.19, for a total transaction of $1,781,473.25. Following the completion of the transaction, the insider now owns 1,047,123 shares of the company’s stock, valued at $34,754,012.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 77,849 shares of company stock valued at $2,608,168 over the last quarter. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Tucows

A number of hedge funds have recently bought and sold shares of the company. K.J. Harrison & Partners Inc increased its stake in Tucows by 15.5% in the third quarter. K.J. Harrison & Partners Inc now owns 45,001 shares of the information services provider’s stock valued at $1,683,000 after purchasing an additional 6,033 shares in the last quarter. SG Americas Securities LLC bought a new stake in Tucows in the third quarter valued at $118,000. Trexquant Investment LP bought a new stake in Tucows in the second quarter valued at $376,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its stake in Tucows by 16.7% in the third quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,695,439 shares of the information services provider’s stock valued at $63,426,000 after purchasing an additional 242,711 shares in the last quarter. Finally, Swiss National Bank increased its stake in Tucows by 2.5% in the fourth quarter. Swiss National Bank now owns 24,700 shares of the information services provider’s stock valued at $838,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 75.17% of the company’s stock.

About Tucows

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Tucows, Inc is an Internet services company. The firm engages in the provision of domain names, email and other internet services. It operates through the following segments: The Mobile Services, The Fiber Internet Services, and Domain Services. The Mobile segment will contain Mobile Services Enabler (“”MSE””) and professional services product offerings, as well as the retail sale of mobile phones and retail telephony services.