uCloudlink Group (NASDAQ:UCL) Stock Price Down 3.8% – Time to Sell?

Shares of uCloudlink Group Inc. (NASDAQ:UCL) were 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 cap of $46.81 million, a P/E ratio of 11.36 and a beta of 4.14. The stock has a 50-day moving average of $1.56 and a two-hundred day moving average of $1.37.

uCloudlink Group (NASDAQ:UCL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. During the same quarter last year, the firm posted $0.01 earnings per share. Research analysts predict that uCloudlink Group Inc. will post 0.1 EPS for the current year.

Institutional Trading of uCloudlink Group

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in uCloudlink Group during the 4th quarter valued at $26,000. Two Sigma Securities LLC purchased a new stake in uCloudlink Group during the 4th quarter valued at $38,000. Finally, Renaissance Technologies LLC boosted its stake in uCloudlink Group by 77.3% during the 4th 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 last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.