Xunlei Limited (NASDAQ:XNET - Get Free Report) saw some unusual options trading activity on Thursday. Stock investors purchased 3,896 call options on the stock. This is an increase of 518% compared to the typical daily volume of 630 call options.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Xunlei from a "strong-buy" rating to a "buy" rating in a report on Friday, March 7th.
Check Out Our Latest Report on Xunlei
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Xunlei by 3.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker's stock worth $555,000 after purchasing an additional 10,276 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Xunlei in the third quarter valued at about $109,000. Sei Investments Co. purchased a new position in shares of Xunlei during the fourth quarter worth $53,000. Russell Investments Group Ltd. acquired a new position in shares of Xunlei in the 4th quarter valued at about $52,000. Finally, Marshall Wace LLP acquired a new position in Xunlei in the fourth quarter valued at approximately $84,000. 5.07% of the stock is owned by institutional investors and hedge funds.
Xunlei Stock Up 2.2 %
XNET traded up $0.11 on Monday, hitting $5.21. The company had a trading volume of 484,649 shares, compared to its average volume of 383,950. The stock has a market capitalization of $330.27 million, a price-to-earnings ratio of 22.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 2.92. The stock has a fifty day moving average price of $3.31 and a 200-day moving average price of $2.43. Xunlei has a 12-month low of $1.46 and a 12-month high of $5.52.
Xunlei (NASDAQ:XNET - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The software maker reported $0.17 earnings per share (EPS) for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%. The firm had revenue of $84.30 million for the quarter.
About Xunlei
(
Get Free Report)
Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.
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