uCloudlink Group Inc. (NASDAQ:UCL) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in uCloudlink Group Inc. (NASDAQ:UCL) by 77.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,805 shares of the company’s stock after buying an additional 23,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.15% of uCloudlink Group worth $115,000 at the end of the most recent reporting period.

uCloudlink Group Trading Up 1.9 %

Shares of NASDAQ UCL opened at $1.14 on Thursday. The stock has a market cap of $43.13 million, a P/E ratio of 10.37 and a beta of 4.02. The business’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $1.31. uCloudlink Group Inc. has a 12-month low of $0.80 and a 12-month high of $3.30.

uCloudlink Group (NASDAQ:UCL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. The business had revenue of $25.96 million during the quarter, compared to the consensus estimate of $25.15 million. On average, equities analysts forecast that uCloudlink Group Inc. will post 0.1 EPS for the current fiscal year.

uCloudlink Group 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.