Tucows Inc. (NASDAQ:TCX) CEO Elliot Noss Sells 5,700 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 5,700 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $22.03, for a total value of $125,571.00. Following the completion of the transaction, the chief executive officer now directly owns 511,058 shares in the company, valued at $11,258,607.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tucows Stock Down 1.1 %

Shares of NASDAQ:TCX opened at $21.87 on Friday. The stock has a market cap of $239.50 million, a price-to-earnings ratio of -2.30 and a beta of 0.85. The business’s 50 day moving average is $22.34 and its 200 day moving average is $20.20. Tucows Inc. has a 12-month low of $15.65 and a 12-month high of $28.66. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 43.87.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings results on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. The business had revenue of $89.42 million for the quarter. Tucows had a negative net margin of 26.01% and a negative return on equity of 490.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tucows from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Institutional Investors Weigh In On Tucows

Several large investors have recently modified their holdings of TCX. Vanguard Group Inc. raised its position in shares of Tucows by 0.6% in the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after purchasing an additional 4,234 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Tucows by 81.5% in the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after acquiring an additional 2,371 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its position in shares of Tucows by 1.3% in the first quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock valued at $37,391,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Bard Associates Inc. raised its stake in shares of Tucows by 5.2% during the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 73.64% of the company’s stock.

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.