Tucows (NASDAQ:TCX) Issues Quarterly Earnings Results

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

Tucows Price Performance

NASDAQ TCX traded down $0.16 during trading hours on Thursday, reaching $19.24. 12,250 shares of the stock traded hands, compared to its average volume of 27,358. The stock has a 50 day simple moving average of $18.44 and a two-hundred day simple moving average of $18.91. Tucows has a 1 year low of $13.27 and a 1 year high of $23.38. The company has a market cap of $213.14 million, a price-to-earnings ratio of -2.16 and a beta of 0.91.

Institutional Investors Weigh In On Tucows

A number of large investors have recently added to or reduced their stakes in TCX. Rhumbline Advisers grew its holdings in shares of Tucows by 6.2% during the 3rd quarter. Rhumbline Advisers now owns 10,078 shares of the information services provider's stock valued at $187,000 after purchasing an additional 590 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 valued at $49,000 after buying an additional 1,726 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Tucows by 89.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider's stock valued at $627,000 after buying an additional 17,539 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Tucows in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

Get Our Latest Stock Report on Tucows

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.

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