Tucows (NASDAQ:TCX) Stock Crosses Above 200-Day Moving Average of $20.00

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.00 and traded as high as $21.87. Tucows shares last traded at $21.82, with a volume of 14,301 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tucows from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Tucows Stock Performance

The firm has a market cap of $243.33 million, a P/E ratio of -2.34 and a beta of 0.85. The company has a debt-to-equity ratio of 43.87, a quick ratio of 1.00 and a current ratio of 1.03. The company’s 50 day moving average is $21.31 and its 200 day moving average is $20.01.

Hedge Funds Weigh In On Tucows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Tucows by 0.6% during the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after acquiring an additional 4,234 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Tucows by 81.5% during the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after buying an additional 2,371 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in Tucows by 1.3% during the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock worth $37,391,000 after buying an additional 25,000 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Tucows by 131.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,963 shares of the information services provider’s stock worth $53,000 after buying an additional 1,115 shares during the last quarter. Finally, Bard Associates Inc. raised its stake in Tucows by 5.2% during the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after buying an additional 800 shares during the last quarter. 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.