Tucows Target of Unusually High Options Trading (TCX)

Tucows Inc. (NASDAQ:TCX) (TSE:TC) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 1,085 call options on the stock. This represents an increase of 819% compared to the average daily volume of 118 call options.

Tucows (NASDAQ:TCX) opened at $53.85 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.30. Tucows has a 12 month low of $44.15 and a 12 month high of $71.75. The company has a market cap of $560.61, a P/E ratio of 41.42 and a beta of 0.69.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Tucows from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. BidaskClub cut shares of Tucows from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.

In other Tucows news, Director Allen Karp sold 3,000 shares of Tucows stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $63.31, for a total transaction of $189,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rawleigh Hazen Iv Ralls sold 6,772 shares of Tucows stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $64.09, for a total transaction of $434,017.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,835 shares of company stock valued at $877,867. 13.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TCX. Legal & General Group Plc purchased a new position in shares of Tucows in the second quarter valued at approximately $129,000. Advisor Group Inc. boosted its stake in shares of Tucows by 59.9% in the third quarter. Advisor Group Inc. now owns 2,783 shares of the information services provider’s stock valued at $163,000 after purchasing an additional 1,043 shares during the period. Royal Bank of Canada boosted its stake in shares of Tucows by 8.2% in the second quarter. Royal Bank of Canada now owns 3,571 shares of the information services provider’s stock valued at $191,000 after purchasing an additional 271 shares during the period. Voya Investment Management LLC purchased a new position in shares of Tucows in the second quarter valued at approximately $223,000. Finally, SG Americas Securities LLC purchased a new position in shares of Tucows in the third quarter valued at approximately $241,000. 54.31% of the stock is owned by institutional investors and hedge funds.

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Tucows Company Profile

Tucows Inc is engaged in providing Internet services. The Company’s segments include Network Access Services and Domain Services. The Network Access Services segment includes mobile, fixed high-speed Internet access services, Internet hosting and network consulting services. The Domain Services segment wholesale and retail domain name registration services, value added services and portfolio services.

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