Tucows (NASDAQ:TCX) Posts Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) posted its quarterly earnings data on Thursday. The information services provider reported ($0.52) earnings per share for the quarter, FiscalAI reports. The company had revenue of $99.97 million during the quarter.

Tucows Stock Down 6.9%

Shares of TCX stock opened at $11.68 on Friday. The company has a market capitalization of $130.61 million, a P/E ratio of -1.55 and a beta of 0.88. Tucows has a 12-month low of $8.45 and a 12-month high of $25.17. The firm has a 50-day moving average price of $10.31 and a 200 day moving average price of $14.07.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TCX. Bank of New York Mellon Corp bought a new position in Tucows in the 2nd quarter valued at $269,000. Blackhawk Capital Partners LLC boosted its stake in Tucows by 22.5% in the first quarter. Blackhawk Capital Partners LLC now owns 62,078 shares of the information services provider’s stock worth $1,065,000 after purchasing an additional 11,385 shares in the last quarter. Versant Capital Management Inc acquired a new position in Tucows in the second quarter worth $72,000. Finally, Quantinno Capital Management LP boosted its stake in Tucows by 7.2% in the first quarter. Quantinno Capital Management LP now owns 19,867 shares of the information services provider’s stock worth $341,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors own 73.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tucows Company Profile

Tucows Inc (NASDAQ: TCX) is a technology company that provides internet services, domain name services and software solutions for communications providers. Its businesses have historically included domain registration and related services, consumer internet connectivity through Ting Internet, and telecommunications software offered under the Wavelo brand.

Through its Domains business, Tucows provides domain registration, wholesale domain services, digital identity products and related tools for businesses, resellers and individual customers.