uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report)'s stock price traded up 8.6% on Monday . The company traded as high as $2.15 and last traded at $2.01. 64,308 shares were traded during mid-day trading, a decline of 30% from the average session volume of 91,334 shares. The stock had previously closed at $1.85.
uCloudlink Group Trading Up 8.6%
The stock's fifty day moving average is $1.41 and its two-hundred day moving average is $1.40. The company has a market capitalization of $75.97 million, a PE ratio of 22.33 and a beta of 4.13.
uCloudlink Group (NASDAQ:UCL - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. The firm had revenue of $18.75 million during the quarter, compared to analyst estimates of $18.20 million. uCloudlink Group had a net margin of 3.81% and a return on equity of 16.53%. As a group, analysts anticipate that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current fiscal year.
Institutional Investors Weigh In On uCloudlink Group
A number of institutional investors and hedge funds have recently modified their holdings of UCL. XTX Topco Ltd purchased a new stake in uCloudlink Group in the fourth quarter valued at approximately $26,000. Two Sigma Securities LLC bought a new position in shares of uCloudlink Group in the fourth quarter worth approximately $38,000. Finally, Renaissance Technologies LLC grew its holdings in shares of uCloudlink Group by 77.3% in the fourth quarter. Renaissance Technologies LLC now owns 54,805 shares of the company's stock worth $115,000 after purchasing an additional 23,900 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.
About uCloudlink Group
(
Get Free Report)
uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.
Further Reading
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