StockNews.com Upgrades Tucows (NASDAQ:TCX) to “Hold”

Tucows (NASDAQ:TCXGet Free Report) (TSE:TC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Tucows Stock Down 0.3 %

Shares of NASDAQ:TCX opened at $17.99 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 14.78. The firm’s 50-day moving average is $21.33 and its 200 day moving average is $21.44. Tucows has a 12 month low of $15.65 and a 12 month high of $33.44.

Tucows (NASDAQ:TCXGet Free Report) (TSE:TC) last issued its earnings results on Thursday, February 22nd. The information services provider reported ($2.14) EPS for the quarter. Tucows had a negative return on equity of 157.83% and a negative net margin of 28.35%. The company had revenue of $86.96 million during the quarter.

Insider Transactions at Tucows

In other Tucows news, CEO Elliot Noss sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $23.79, for a total value of $249,795.00. Following the sale, the chief executive officer now directly owns 535,633 shares of the company’s stock, valued at $12,742,709.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Tucows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Tucows by 16,766.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the information services provider’s stock valued at $27,000 after buying an additional 1,006 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Tucows during the 4th quarter worth about $36,000. Tower Research Capital LLC TRC boosted its position in shares of Tucows by 793.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,697 shares of the information services provider’s stock worth $33,000 after acquiring an additional 1,507 shares in the last quarter. Clear Street Markets LLC acquired a new position in shares of Tucows during the 4th quarter worth about $48,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Tucows by 36.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,152 shares of the information services provider’s stock worth $44,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 74.22% of the company’s stock.

About Tucows

(Get Free Report)

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through 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.

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