Tucows Inc. (NASDAQ:TCX) Director Jeffrey Nathan Schwartz sold 13,125 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $30.65, for a total value of $402,281.25. Following the sale, the director now owns 30,625 shares of the company’s stock, valued at $938,656.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Tucows Inc. (NASDAQ:TCX) opened at 32.00 on Monday. The company has a market capitalization of $333.57 million, a P/E ratio of 23.76 and a beta of 0.95. Tucows Inc. has a 1-year low of $17.67 and a 1-year high of $33.94. The firm’s 50 day moving average price is $28.17 and its 200-day moving average price is $25.63.
Tucows (NASDAQ:TCX) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm earned $47.50 million during the quarter, compared to analysts’ expectations of $48.90 million. Tucows had a return on equity of 52.28% and a net margin of 8.08%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Analysts expect that Tucows Inc. will post $1.42 EPS for the current year.
A number of equities research analysts have issued reports on the company. Cantor Fitzgerald downgraded Tucows from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Tucows from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th.
Several large investors have recently modified their holdings of TCX. Royal Bank of Canada boosted its stake in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock worth $155,000 after buying an additional 6,836 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV bought a new stake in shares of Tucows during the second quarter worth $463,000. Finally, Van Berkom & Associates Inc. bought a new stake in shares of Tucows during the second quarter worth $142,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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