Canadian Tech Sector Cools Yet the Ubika Tech 20 Index Remains Hot

Ubika Technology 20 has surged more than 30% year to date despite recent weakness in the Canadian tech sector

Ubika Technology 20 (UT20) is up 30.7% YTD, outperforming both the TSX-V Index and the TSX Information Technology Index, which have returned -0.6% and 9.7% YTD, respectively. The Canadian tech sector has cooled down recently as investors begin to question high valuations, shifting their capital into more defensive sectors. In this edition of the UT20, we discuss some industry highlights as well as three companies that have had several eventful months. Companies mentioned include: Sandvine Corp, which has received multiple buyout offers, Tangelo Games, which is on the verge on bankruptcy, and Points International, which appears to be a solid company trading at an attractive price.

This Content is Exclusive to Our Members

Login below

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below: