uCloudlink Group (NASDAQ:UCL) Trading Up 2% – Still a Buy?

Shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) traded up 2% during trading on Thursday . The company traded as high as $1.71 and last traded at $1.7340. 4,169 shares were traded 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 downgraded uCloudlink Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

uCloudlink Group Stock Up 2.0%

The firm has a market cap of $65.55 million, a P/E ratio of 8.67 and a beta of 4.62. The firm’s 50-day moving average price is $1.95 and its 200 day moving average price is $2.35. 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) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.24 earnings per share (EPS) 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 analysts’ expectations of $22.10 million. uCloudlink Group had a return on equity of 32.40% and a net margin of 9.23%. On average, equities research analysts expect that uCloudlink Group Inc. Sponsored ADR will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On uCloudlink Group

An institutional investor recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC bought a new position in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned 0.18% of uCloudlink Group as of its most recent filing with the Securities and Exchange Commission (SEC). 85.54% of the stock is 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.