Tucows (NASDAQ:TCX) Cut to Sell at StockNews.com

Tucows (NASDAQ:TCX) (TSE:TC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Tucows Stock Up 26.6 %

TCX stock traded up $4.02 during trading on Monday, hitting $19.15. The company had a trading volume of 225,011 shares, compared to its average volume of 21,798. Tucows has a 52-week low of $14.50 and a 52-week high of $26.48. The company has a 50 day simple moving average of $16.34 and a 200-day simple moving average of $18.59. The firm has a market capitalization of $210.84 million, a P/E ratio of -2.31 and a beta of 0.81.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Thursday, February 13th. The information services provider reported ($1.43) earnings per share for the quarter. The business had revenue of $93.10 million during the quarter.

Insider Buying and Selling

In other Tucows news, CEO Elliot Noss sold 2,000 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $16.91, for a total value of $33,820.00. Following the completion of the sale, the chief executive officer now directly owns 479,358 shares in the company, valued at approximately $8,105,943.78. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 6,500 shares of company stock worth $107,097 in the last 90 days. 11.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tucows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Tucows in the 4th quarter worth approximately $32,000. Wells Fargo & Company MN lifted its stake in Tucows by 25.9% during the 4th quarter. Wells Fargo & Company MN now owns 4,213 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 867 shares during the period. Bank of America Corp DE boosted its holdings in shares of Tucows by 34.2% in the 4th quarter. Bank of America Corp DE now owns 9,604 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 2,448 shares during the last quarter. Barclays PLC increased its stake in shares of Tucows by 10.9% in 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, Jane Street Group LLC raised its holdings 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 purchasing an additional 966 shares during the last quarter. 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.