The stock of Tucows Inc. (USA) (NASDAQ:TCX) hit a new 52-week high and has $35.72 target or 4.00% above today’s $34.35 share price. The 6 months bullish chart indicates low risk for the $372.50 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $35.72 price target is reached, the company will be worth $14.90 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.93% or $0.65 on November 25, hitting $34.35. About 22,530 shares traded hands. Tucows Inc. (USA) (NASDAQ:TCX) has risen 34.42% since April 22, 2016 and is uptrending. It has outperformed by 29.01% the S&P500.
Analysts await Tucows Inc. (USA) (NASDAQ:TCX) to report earnings on February, 14. They expect $0.39 earnings per share, up 39.29% or $0.11 from last year’s $0.28 per share. TCX’s profit will be $4.23 million for 22.02 P/E if the $0.39 EPS becomes a reality. After $0.45 actual earnings per share reported by Tucows Inc. (USA) for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.
According to Zacks Investment Research, “Tucows Inc. is a pioneering provider of personalized information agents and Web sites. They deliver information over the Internet and other communications mediums such as email. Their sites provide users with relevant information they cannot conveniently locate in any one place elsewhere on the Internet.”
Insitutional Activity: The institutional sentiment increased to 1.82 in Q2 2016. Its up 1.50, from 0.32 in 2016Q1. The ratio is positive, as 12 funds sold all Tucows Inc. (USA) shares owned while 13 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 2.04 million shares or 16.20% less from 2.43 million shares in 2016Q1.
The Utah-based Wasatch Advisors Incorporated has invested 0.1% in Tucows Inc. (USA) (NASDAQ:TCX). Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has invested 0.12% of its portfolio in Tucows Inc. (USA) (NASDAQ:TCX). Citadel Lc has 8,672 shares for 0% of their US portfolio. Morgan Stanley last reported 21,390 shares in the company. Balyasny Asset Mngmt Limited last reported 0% of its portfolio in the stock. Parallax Volatility Advisers L P holds 0% of its portfolio in Tucows Inc. (USA) (NASDAQ:TCX) for 969 shares. Grp Incorporated One Trading Ltd Partnership holds 0% or 1,136 shares in its portfolio. The California-based Rbf Cap Ltd Company has invested 0.06% in Tucows Inc. (USA) (NASDAQ:TCX). Magee Thomson Investment Ltd Liability Company has invested 0% of its portfolio in Tucows Inc. (USA) (NASDAQ:TCX). Moreover, Acadian Asset Mngmt has 0.01% invested in Tucows Inc. (USA) (NASDAQ:TCX) for 49,963 shares. Tower Research Capital Ltd (Trc) owns 499 shares or 0% of their US portfolio. Bridgeway has invested 0.01% of its portfolio in Tucows Inc. (USA) (NASDAQ:TCX). Wells Fargo Com Mn holds 31,565 shares or 0% of its portfolio. Polar Asset Prtn accumulated 0.18% or 183,128 shares. Deutsche State Bank Ag last reported 1,749 shares in the company.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 7 selling transactions for $3.70 million net activity. On Thursday, September 29 Karp Allen sold $199,464 worth of the stock or 5,000 shares. On Thursday, September 1 GISSIN EREZ sold $272,500 worth of the stock or 10,000 shares. The insider Ralls Rawleigh Hazen IV sold 50,000 shares worth $1.37 million. $665,247 worth of Tucows Inc. (USA) (NASDAQ:TCX) was sold by Goertz Carla Anne on Thursday, September 29. Schwartz Jeffrey Nathan sold 13,125 shares worth $402,322. $57,348 worth of shares were sold by Woroch David John on Wednesday, September 21.
More news for Tucows Inc. (USA) (NASDAQ:TCX) were recently published by: Benzinga.com, which released: “Benzinga’s Volume Movers” on September 28, 2016. Businesswire.com‘s article titled: “Tigo® Announces Stanley Stern to Join the Board of Directors” and published on November 05, 2015 is yet another important article.
TCX Company Profile
Tucows Inc., incorporated on November 5, 1992, is engaged in providing Internet services. The Company’s divisions 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. The Firm focuses on serving the needs of network of resellers by providing services, interfaces, customer service, reseller-oriented technology, and design and development processes. The Firm focuses its service offerings under brands, including OpenSRS, YummyNames, Platypus, Hover and Ting.
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