Tucows (NASDAQ:TCX) Stock Rating Upgraded by StockNews.com

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

Tucows Stock Performance

TCX traded down $0.05 during trading on Tuesday, reaching $16.62. 55,955 shares of the company traded hands, compared to its average volume of 38,702. Tucows has a 12-month low of $14.50 and a 12-month high of $26.48. The firm has a fifty day simple moving average of $17.48 and a 200 day simple moving average of $18.20. The company has a market cap of $183.32 million, a P/E ratio of -1.62 and a beta of 0.71.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Thursday, February 13th. The information services provider reported ($1.43) earnings per share (EPS) for the quarter. The business 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 the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $16.91, for a total transaction of $33,820.00. Following the completion of the sale, the chief executive officer now directly owns 479,358 shares of the company’s stock, valued at $8,105,943.78. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 14,260 shares of company stock valued at $240,957 in the last three months. 11.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of 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 last quarter. Jane Street Group LLC boosted its position in shares of Tucows by 7.6% during the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock valued at $285,000 after acquiring an additional 966 shares during the last quarter. Northern Trust Corp boosted its position in shares of Tucows by 1.5% during the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock valued at $1,350,000 after acquiring an additional 1,181 shares during the last quarter. Barclays PLC boosted its position in shares of Tucows by 10.9% during the 4th quarter. Barclays PLC now owns 12,625 shares of the information services provider’s stock valued at $216,000 after acquiring an additional 1,240 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Tucows during the 4th quarter valued at approximately $32,000. 73.64% of the stock is currently owned by institutional investors.

Tucows Company Profile

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.