uCloudlink Group (NASDAQ:UCL) Shares Up 13.8%

uCloudlink Group Inc. (NASDAQ:UCLGet Free Report)’s stock price traded up 13.8% during mid-day trading on Thursday . The company traded as high as $1.89 and last traded at $1.88. 55,570 shares were traded during trading, an increase of 85% from the average session volume of 30,045 shares. The stock had previously closed at $1.65.

uCloudlink Group Price Performance

The company has a market capitalization of $70.03 million, a PE ratio of 62.33 and a beta of 4.44. The stock’s 50 day simple moving average is $1.57 and its 200-day simple moving average is $1.65.

uCloudlink Group (NASDAQ:UCLGet Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $18.13 million for the quarter, compared to analyst estimates of $17.90 million. uCloudlink Group had a net margin of 1.36% and a return on equity of 7.15%. On average, equities analysts predict that uCloudlink Group Inc. will post 0.05 earnings per share for the current year.

About uCloudlink Group

(Get Free Report)

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.

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