Elliot Noss Sells 5,175 Shares of Tucows Inc. (NASDAQ:TCX) Stock

Tucows Inc. (NASDAQ:TCXGet Free Report) (TSE:TC) CEO Elliot Noss sold 5,175 shares of Tucows stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $18.43, for a total transaction of $95,375.25. Following the transaction, the chief executive officer now owns 516,758 shares of the company’s stock, valued at $9,523,849.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Tucows Stock Up 1.4 %

Tucows stock opened at $18.15 on Thursday. Tucows Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $33.44. The stock has a market cap of $197.84 million, a PE ratio of -2.05 and a beta of 0.94. The firm’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $21.04. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.37 and a current ratio of 1.41.

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Tucows from a “hold” rating to a “sell” rating in a report on Saturday, March 30th.

Get Our Latest Research Report on Tucows

Institutional Trading of Tucows

Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Tucows by 10.1% in the second quarter. Legal & General Group Plc now owns 3,512 shares of the information services provider’s stock worth $156,000 after acquiring an additional 323 shares during the period. Goldman Sachs Group Inc. raised its position in Tucows by 1.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 30,710 shares of the information services provider’s stock worth $829,000 after acquiring an additional 496 shares during the period. JPMorgan Chase & Co. raised its position in Tucows by 9.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,042 shares of the information services provider’s stock worth $205,000 after acquiring an additional 544 shares during the period. Alliancebernstein L.P. raised its position in Tucows by 9.6% in the fourth quarter. Alliancebernstein L.P. now owns 6,250 shares of the information services provider’s stock worth $212,000 after acquiring an additional 550 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Tucows by 36.5% in the third 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 during the period. Institutional investors own 73.64% 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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