uCloudlink Group (NASDAQ:UCL) Shares Down 3.8% – Should You Sell?

uCloudlink Group Inc. (NASDAQ:UCL)’s stock price was down 3.8% on Thursday . The company traded as low as $1.23 and last traded at $1.26. Approximately 79,838 shares changed hands during trading, a decline of 50% from the average daily volume of 159,616 shares. The stock had previously closed at $1.31.

uCloudlink Group Stock Performance

The company has a market capitalization of $47.19 million, a PE ratio of 11.45 and a beta of 4.14. The company’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.37.

uCloudlink Group (NASDAQ:UCL) last announced its earnings results on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. uCloudlink Group had a net margin of 4.84% and a return on equity of 22.48%. During the same quarter in the prior year, the business earned $0.01 earnings per share. Analysts expect that uCloudlink Group Inc. will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UCL. Two Sigma Securities LLC acquired a new stake in shares of uCloudlink Group in the 4th quarter worth $38,000. XTX Topco Ltd purchased a new position in uCloudlink Group during the fourth quarter worth about $26,000. Finally, Renaissance Technologies LLC lifted its position in uCloudlink Group by 77.3% in the fourth quarter. Renaissance Technologies LLC now owns 54,805 shares of the company’s stock valued at $115,000 after purchasing an additional 23,900 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

uCloudlink Group Company Profile

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.