uCloudlink Group (NASDAQ:UCL) Rating Lowered to Strong Sell at Zacks Research

uCloudlink Group (NASDAQ:UCL) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Weiss Ratings lowered uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, uCloudlink Group currently has a consensus rating of “Sell”.

uCloudlink Group Stock Up 4.9%

UCL stock opened at $0.41 on Thursday. uCloudlink Group has a one year low of $0.34 and a one year high of $3.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 1.58. The firm has a market cap of $15.76 million, a PE ratio of -41.36 and a beta of 4.14. The firm’s 50 day moving average price is $0.74 and its 200-day moving average price is $1.10.

uCloudlink Group (NASDAQ:UCL) last released its quarterly earnings results 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). The company had revenue of $18.23 million during the quarter, compared to analysts’ expectations of $20.00 million. uCloudlink Group had a negative net margin of 0.31% and a negative return on equity of 0.88%. On average, equities research analysts anticipate that uCloudlink Group will post -0.22 EPS for the current year.

Institutional Investors Weigh In On uCloudlink Group

A hedge fund recently bought a new position in uCloudlink Group stock. Citadel Advisors LLC bought a new stake in uCloudlink Group Inc. Sponsored ADR (NASDAQ:UCL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 68,311 shares of the company’s stock, valued at approximately $148,000. Citadel Advisors LLC owned 0.18% of uCloudlink Group as of its most recent SEC filing. 85.54% of the stock is owned by hedge funds and other institutional investors.

uCloudlink Group Company Profile

uCloudlink Group Inc is a technology company specializing in global mobile data connectivity solutions. The company’s core offering is a cloud SIM virtualization platform that enables seamless roaming for consumers and enterprise users without the need for physical SIM cards. Leveraging proprietary CloudSIM technology, uCloudlink provides portable Wi-Fi hotspot devices, embedded IoT connectivity modules, and eSIM products designed to deliver high-speed data access in multiple countries.

Through its CloudSIM platform, uCloudlink dynamically switches between multiple mobile network operators to optimize coverage and data speeds while controlling costs.