Tucows (NASDAQ:TCX) Issues Earnings Results

Tucows (NASDAQ:TCX) (TSE:TC) issued its quarterly earnings data on Thursday. The information services provider reported ($1.42) EPS for the quarter, Zacks reports.

Tucows Stock Down 0.8%

Shares of NASDAQ TCX traded down $0.16 on Thursday, reaching $19.24. 12,250 shares of the company’s stock traded hands, compared to its average volume of 27,358. The business’s 50 day simple moving average is $18.44 and its two-hundred day simple moving average is $18.91. The company has a market cap of $213.14 million, a price-to-earnings ratio of -2.16 and a beta of 0.91. Tucows has a 12 month low of $13.27 and a 12 month high of $23.38.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tucows in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TCX. Goldman Sachs Group Inc. raised its stake in shares of Tucows by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider’s stock worth $627,000 after purchasing an additional 17,539 shares during the last quarter. Rhumbline Advisers boosted its holdings in Tucows by 6.2% in the third quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider’s stock worth $187,000 after purchasing an additional 590 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Tucows by 234.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 1,726 shares during the period. 73.64% of the stock is owned by hedge funds and other 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.