Tucows (NASDAQ:TCX) Stock Passes Below 200 Day Moving Average – What’s Next?

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.59 and traded as low as $10.52. Tucows shares last traded at $10.64, with a volume of 41,146 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Tucows from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Tucows Stock Up 4.5%

The stock has a 50 day moving average of $13.95 and a 200 day moving average of $17.45. The company has a market capitalization of $121.42 million, a price-to-earnings ratio of -1.53 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of Tucows by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,346 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 551 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Tucows by 234.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the information services provider’s stock worth $49,000 after buying an additional 1,726 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Tucows by 500.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,600 shares of the information services provider’s stock valued at $80,000 after buying an additional 3,000 shares during the period. Russell Investments Group Ltd. lifted its holdings in Tucows by 903.4% in the third quarter. Russell Investments Group Ltd. now owns 3,873 shares of the information services provider’s stock valued at $72,000 after buying an additional 3,487 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in Tucows in the fourth quarter valued at $87,000. Institutional investors and hedge funds own 73.64% of the company’s stock.

About Tucows

Tucows Inc (NASDAQ: TCX) is a diversified internet services company primarily known for its domain name registration and management business. Through its Domain Services division, Tucows operates leading reseller platforms such as OpenSRS and Enom, offering domain registration, SSL certificates, email hosting and related value-added services to web professionals, small businesses and enterprise partners worldwide. The company’s platforms enable thousands of resellers to provide branded internet services to their customers, leveraging Tucows’ infrastructure and expertise in the domain name system.

In addition to domain services, Tucows has built a growing portfolio of consumer-facing internet access offerings under the Ting brand.