Zacks Research upgraded shares of uCloudlink Group (NASDAQ:UCL – Free Report) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks reports.
Separately, Weiss Ratings cut shares of uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.
View Our Latest Report on uCloudlink Group
uCloudlink Group Stock Performance
Shares of UCL stock opened at $0.23 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $1.01. uCloudlink Group has a 12 month low of $0.22 and a 12 month high of $2.63. The firm has a market capitalization of $8.82 million, a PE ratio of -23.16 and a beta of 4.08.
uCloudlink Group (NASDAQ:UCL – Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $18.23 million during the quarter, compared to the consensus estimate of $20.00 million. uCloudlink Group had a negative net margin of 0.31% and a negative return on equity of 0.88%. Analysts forecast that uCloudlink Group will post -0.22 EPS for the current fiscal 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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