uCloudlink Group (NASDAQ:UCL) Trading Down 2.5% – Should You Sell?

uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL)’s share price fell 2.5% on Monday . The company traded as low as $1.8117 and last traded at $1.9150. 3,234 shares were traded during mid-day trading, a decline of 69% from the average session volume of 10,448 shares. The stock had previously closed at $1.9650.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UCL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of uCloudlink Group in a research report on Monday, December 1st. Wall Street Zen upgraded shares of uCloudlink Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

uCloudlink Group Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $2.12 and a 200-day simple moving average of $2.36. The stock has a market cap of $72.39 million, a price-to-earnings ratio of 9.58 and a beta of 4.52.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.22. The company had revenue of $21.15 million during the quarter, compared to analysts’ expectations of $22.10 million. uCloudlink Group had a return on equity of 32.40% and a net margin of 9.23%. As a group, equities research analysts expect that uCloudlink Group Inc. Sponsored ADR will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in uCloudlink Group stock. Susquehanna International Group LLP acquired a new stake in shares of uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,099 shares of the company’s stock, valued at approximately $48,000. Susquehanna International Group LLP owned about 0.06% of uCloudlink Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 85.54% of the company’s stock.

About uCloudlink Group

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.