uCloudlink Group (NASDAQ:UCL – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
Separately, Weiss Ratings cut shares of uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Read Our Latest Stock Report on uCloudlink Group
uCloudlink Group Stock Down 0.5%
Shares of NASDAQ UCL opened at $0.23 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.46. The stock has a market capitalization of $8.82 million, a PE ratio of -23.16 and a beta of 4.08. uCloudlink Group has a one year low of $0.22 and a one year high of $2.63. The business’s fifty day moving average price is $0.33 and its 200-day moving average price is $1.01.
uCloudlink Group (NASDAQ:UCL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). uCloudlink Group had a negative net margin of 0.31% and a negative return on equity of 0.88%. The firm had revenue of $18.23 million during the quarter, compared to the consensus estimate of $20.00 million. On average, equities research analysts anticipate that uCloudlink Group will post -0.22 EPS for the current year.
About uCloudlink Group
uCloudlink Group Inc is a technology company that provides mobile connectivity services through its cloudSIM architecture. The company operates primarily under the GlocalMe brand, using cloud-based SIM technology to enable users to access mobile data networks without relying on a traditional physical SIM card or a single wireless carrier.
Its products and services include portable Wi-Fi hotspots, mobile broadband solutions, and connectivity offerings for travelers, businesses, and Internet of Things applications.
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