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

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL)’s share price rose 2% during trading on Thursday . The company traded as high as $1.71 and last traded at $1.7340. Approximately 4,169 shares traded hands during trading, a decline of 82% from the average daily volume of 22,637 shares. The stock had previously closed at $1.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

uCloudlink Group Stock Performance

The stock has a 50-day moving average of $1.94 and a 200 day moving average of $2.35. The stock has a market cap of $61.80 million, a PE ratio of 8.18 and a beta of 4.62. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.03.

uCloudlink Group (NASDAQ:UCL) last issued its earnings results on Wednesday, November 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.22. The business had revenue of $21.15 million during the quarter, compared to the consensus estimate of $22.10 million. uCloudlink Group had a return on equity of 32.40% and a net margin of 9.23%. Equities analysts predict that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current fiscal year.

Institutional Trading of uCloudlink Group

A hedge fund recently bought a new stake in uCloudlink Group stock. Citadel Advisors LLC acquired a new stake in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned about 0.18% of uCloudlink Group as of its most recent filing with the Securities and Exchange Commission (SEC). 85.54% of the stock is currently owned by institutional investors and hedge funds.

uCloudlink Group Company Profile

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.