uCloudlink Group (NASDAQ:UCL - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "sell" rating in a research report issued on Friday.
uCloudlink Group Trading Up 13.4%
Shares of NASDAQ UCL opened at $3.64 on Friday. The company has a market cap of $137.59 million, a price-to-earnings ratio of 72.80 and a beta of 4.26. uCloudlink Group has a 12-month low of $0.80 and a 12-month high of $4.19. The stock's 50 day simple moving average is $2.50 and its 200 day simple moving average is $1.70.
uCloudlink Group (NASDAQ:UCL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $19.38 million for the quarter, compared to the consensus estimate of $23.00 million. uCloudlink Group had a return on equity of 8.89% and a net margin of 2.19%. uCloudlink Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that uCloudlink Group will post 0.1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On uCloudlink Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in uCloudlink Group by 77.3% in the 4th quarter. Renaissance Technologies LLC now owns 54,805 shares of the company's stock worth $115,000 after buying an additional 23,900 shares in the last quarter. Two Sigma Securities LLC bought a new stake in uCloudlink Group during the fourth quarter worth approximately $38,000. Finally, XTX Topco Ltd bought a new stake in uCloudlink Group during the fourth quarter worth approximately $26,000. 85.54% of the stock is owned by institutional investors.
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.
Further Reading
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