Tucows (TSE:TC) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Tucows Inc. (TSE:TC) (NYSE:TCX) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.76 and traded as low as C$14.50. Tucows shares last traded at C$14.71, with a volume of 7,530 shares traded.

Tucows Stock Down 3.0%

The company has a debt-to-equity ratio of -383.58, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of C$19.14 and a 200 day moving average of C$23.76. The stock has a market capitalization of C$164.00 million, a price-to-earnings ratio of -2.07 and a beta of 1.87.

Tucows (TSE:TC) (NYSE:TCX) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($2.27) earnings per share for the quarter. Tucows had a positive return on equity of 51.57% and a negative net margin of 20.08%.The company had revenue of C$134.38 million for the quarter. As a group, sell-side analysts forecast that Tucows Inc. will post 1.77 earnings per share for the current fiscal year.

About Tucows

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( https://ting.com ) delivers fixed fiber Internet access with outstanding customer support. Wavelo ( https://wavelo.com ) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( https://tucowsdomains.com ) manages over 21 million domain names and millions of value-added services through a global reseller network of over 33,000 web hosts and ISPs.