uCloudlink Group (NASDAQ:UCL) Stock Price Up 4%

uCloudlink Group Inc. (NASDAQ:UCL)’s stock price rose 4% during mid-day trading on Thursday . The stock traded as high as $1.30 and last traded at $1.30. Approximately 17,157 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 26,542 shares. The stock had previously closed at $1.25.

uCloudlink Group Stock Performance

The stock has a market cap of $49.81 million, a PE ratio of 43.33 and a beta of 4.39. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.54.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. uCloudlink Group had a net margin of 5.02% and a return on equity of 24.44%. The company had revenue of $22.36 million during the quarter, compared to analyst estimates of $22.00 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, equities analysts anticipate that uCloudlink Group Inc. will post 0.04 earnings per share for the current fiscal year.

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.