Tucows (NASDAQ:TCX) Upgraded at StockNews.com

StockNews.com upgraded shares of Tucows (NASDAQ:TCX) (TSE:TC) from a sell rating to a hold rating in a research note published on Tuesday morning.

Tucows Price Performance

Shares of NASDAQ:TCX opened at $17.10 on Tuesday. The company’s fifty day moving average price is $17.49 and its 200 day moving average price is $18.18. Tucows has a 12 month low of $14.50 and a 12 month high of $26.48. The firm has a market capitalization of $188.61 million, a P/E ratio of -1.67 and a beta of 0.71.

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

Insider Buying and Selling at Tucows

In other Tucows news, CEO Elliot Noss sold 2,000 shares of Tucows stock in a transaction on Friday, January 24th. The shares were sold at an average price of $16.91, for a total value of $33,820.00. Following the transaction, the chief executive officer now directly owns 479,358 shares in the company, valued at approximately $8,105,943.78. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 14,260 shares of company stock worth $240,957. 11.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of Tucows by 25.9% during the fourth quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock worth $72,000 after acquiring an additional 867 shares during the period. Jane Street Group LLC increased its stake in shares of Tucows by 7.6% during the third quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock worth $285,000 after acquiring an additional 966 shares during the period. Northern Trust Corp increased its stake in shares of Tucows by 1.5% during the fourth quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock worth $1,350,000 after acquiring an additional 1,181 shares during the period. Barclays PLC increased its stake in shares of Tucows by 10.9% during the fourth 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, R Squared Ltd acquired a new position in shares of Tucows during the fourth quarter worth about $32,000. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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.