uCloudlink Group (NASDAQ:UCL) Stock Price Down 4.8% – Time to Sell?

uCloudlink Group Inc. (NASDAQ:UCL) shares dropped 4.8% on Tuesday . The company traded as low as $1.19 and last traded at $1.19. Approximately 35,298 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 26,341 shares. The stock had previously closed at $1.25.

uCloudlink Group Trading Down 4.8 %

The firm has a market capitalization of $44.57 million, a price-to-earnings ratio of 39.67 and a beta of 4.39. The stock’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.51.

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

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.