uCloudlink Group (NASDAQ:UCL) Trading 2% Higher – Here’s Why

by · The Cerbat Gem

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL – Get Free Report) traded up 2% during trading on Thursday . The stock traded as high as $1.71 and last traded at $1.7340. 4,169 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 22,637 shares. The stock had previously closed at $1.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Research Report on UCL

uCloudlink Group Trading Up 2.0%

The firm’s fifty day moving average price is $1.95 and its 200-day moving average price is $2.35. The company has a market cap of $65.55 million, a price-to-earnings ratio of 8.67 and a beta of 4.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.68 and a quick ratio of 1.55.

uCloudlink Group (NASDAQ:UCL – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.22. The firm had revenue of $21.15 million for the quarter, compared to the consensus estimate of $22.10 million. uCloudlink Group had a net margin of 9.23% and a return on equity of 32.40%. On average, equities analysts expect that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current fiscal year.

Institutional Trading of uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Susquehanna International Group LLP purchased a new position in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned 0.06% of uCloudlink Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 85.54% of the company’s stock.

uCloudlink Group Company Profile

(Get Free Report)

uCloudlink Group Inc is a technology company specializing in global mobile data connectivity solutions. The company’s core offering is a cloud SIM virtualization platform that enables seamless roaming for consumers and enterprise users without the need for physical SIM cards. Leveraging proprietary CloudSIM technology, uCloudlink provides portable Wi-Fi hotspot devices, embedded IoT connectivity modules, and eSIM products designed to deliver high-speed data access in multiple countries.

Through its CloudSIM platform, uCloudlink dynamically switches between multiple mobile network operators to optimize coverage and data speeds while controlling costs.

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