Zacks Research Upgrades uCloudlink Group (NASDAQ:UCL) to Hold

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 uCloudlink Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

uCloudlink Group Trading Down 0.5%

Shares of NASDAQ UCL opened at $0.23 on Tuesday. The business’s 50 day moving average is $0.33 and its two-hundred day moving average is $1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.46. uCloudlink Group has a 1-year low of $0.22 and a 1-year high of $2.63. The stock has a market capitalization of $8.82 million, a P/E ratio of -23.16 and a beta of 4.08.

uCloudlink Group (NASDAQ:UCL) last announced its 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 company had revenue of $18.23 million during the quarter, compared to analysts’ expectations of $20.00 million. As a group, research analysts expect that uCloudlink Group will post -0.22 EPS for the current year.

uCloudlink Group Company Profile

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.