Tucows (NASDAQ:TCX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Tucows Inc. (NASDAQ:TCX) (TSE:TC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.62 and traded as high as $22.06. Tucows shares last traded at $21.98, with a volume of 23,950 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Tucows in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Tucows Price Performance

The stock has a market capitalization of $243.98 million, a P/E ratio of -2.45 and a beta of 0.98. The company’s 50 day simple moving average is $19.94 and its two-hundred day simple moving average is $19.62.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its earnings results on Thursday, November 6th. The information services provider reported ($1.42) EPS for the quarter. The firm had revenue of $98.56 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP lifted its position in Tucows by 79.8% during the 3rd quarter. Two Sigma Investments LP now owns 19,635 shares of the information services provider’s stock worth $364,000 after buying an additional 8,717 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Tucows by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock worth $25,000 after purchasing an additional 551 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Tucows by 903.4% during the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock worth $72,000 after purchasing an additional 3,487 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Tucows by 2.6% during the third quarter. Vanguard Group Inc. now owns 481,462 shares of the information services provider’s stock valued at $8,934,000 after purchasing an additional 12,392 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Tucows by 117.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,923 shares of the information services provider’s stock worth $128,000 after purchasing an additional 3,739 shares during the last quarter. 73.64% of the stock is owned by institutional investors.

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.