Tucows shares trading close to $13.00.
Domain name company Tucows is now trading on the NASDAQ at a double digit number, thanks to its reverse stock split.
As of the time of posting, is shares (NASDAQ: TCX) are trading at $12.95. Shares closed at $3.11 yesterday, and today the shares are trading after a 1 for 4 reverse split. That would put the stock at an “open” of $12.44, so the stock is still up in trading today.
Tucows moved to the NASDAQ and executed the reverse split in an effort to attract more attention to the stock. Many analysts won’t follow low priced stocks and ones that aren’t traded on major U.S. exchanges.
Tucows is generally considered the number 3 or 4 largest domain name registrar. Most of its domain revenue is from its reseller channel OpenSRS, although it also owns retail domain registrar Hover. It also owns mobile virtual network operator Ting.