Tucows (NASDAQ:TCX) Share Price Breaks Above Its 200-Day Moving Average of $20.02

Tucows Inc. (NASDAQ:TCX – Get Your Free Report ) (TSE:TC) broke above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $20.02 and traded as high as $22.43. Tucows shares last traded at $21.66 with a volume of 40,793 shares.

The Wall Street analyst weighs in

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

See the latest stock analysis on TCX

Tucows stock falls 0.4%

The company has a quick ratio of 1.00, a current ratio of 1.03, and a debt-to-equity ratio of 43.87. The company has a market cap of $237.20 million, a P/E ratio of -2.28 and a beta of 0.85. The company has a 50 day moving average of $21.49 and a two hundred day moving average of $20.02.

Institutional investors weigh Tucows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Tucows by 0.6% in the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after purchasing an additional 4,234 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Tucows by 81.5% in the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after acquiring an additional 2,371 shares during the last quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV boosted its holdings in Tucows by 1.3% in 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 acquiring an additional 25,000 shares in the last quarter. Bard Associates Inc. boosted its holdings in Tucows by 5.2% in the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after purchasing an additional 800 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Tucows by 28.6% in the fourth quarter. National Bank of Canada FI now owns 3,679 shares of the information services provider’s stock worth $92,000 after acquiring an additional 819 shares during the last quarter. 73.64% of shares are currently owned by institutional investors.

About Tucows

(Get a free report)

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 offers fixed wireless and fiber internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration and provisioning services.

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