uCloudlink Group (NASDAQ:UCL) Stock Lifted to “Hold” by Zacks Research

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

Separately, Weiss Ratings downgraded 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. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

uCloudlink Group Stock Down 0.5%

Shares of UCL opened at $0.23 on Tuesday. The business’s 50 day moving average is $0.33 and its 200 day moving average is $1.01. The company has a market capitalization of $8.82 million, a PE ratio of -23.16 and a beta of 4.08. uCloudlink Group has a 12-month low of $0.22 and a 12-month high of $2.63. The company has a current ratio of 1.58, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings results on Tuesday, August 18th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). uCloudlink Group had a negative return on equity of 0.88% and a negative net margin of 0.31%. The business had revenue of $18.23 million during the quarter, compared to analysts’ expectations of $20.00 million. Research analysts expect that uCloudlink Group will post -0.22 earnings per share 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.