Shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL - Get Free Report) traded up 8.6% on Monday . The stock traded as high as $2.15 and last traded at $2.01. 64,308 shares traded hands 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 Price Performance
The firm has a 50-day moving average of $1.47 and a 200 day moving average of $1.41. The company has a market capitalization of $70.50 million, a PE ratio of 20.72 and a beta of 4.13.
uCloudlink Group (NASDAQ:UCL - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $18.75 million during the quarter, compared to analysts' expectations of $18.20 million. uCloudlink Group had a net margin of 3.81% and a return on equity of 16.53%. Equities analysts expect that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current year.
Institutional Trading of uCloudlink Group
Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in shares of uCloudlink Group by 77.3% during the fourth quarter. Renaissance Technologies LLC now owns 54,805 shares of the company's stock valued at $115,000 after purchasing an additional 23,900 shares in the last quarter. Two Sigma Securities LLC bought a new stake in uCloudlink Group in the fourth quarter worth about $38,000. Finally, XTX Topco Ltd purchased a new position in uCloudlink Group during the 4th quarter valued at $26,000. Institutional investors own 85.54% of the company's stock.
uCloudlink Group Company Profile
(
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.
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