StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET - Free Report) in a report issued on Friday. The brokerage issued a buy rating on the software maker's stock.
Xunlei Stock Performance
Shares of NASDAQ:XNET traded down $0.12 during mid-day trading on Friday, reaching $1.91. The company had a trading volume of 49,980 shares, compared to its average volume of 79,019. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The firm has a market cap of $121.61 million, a price-to-earnings ratio of 8.83 and a beta of 1.15. The company's 50-day moving average price is $1.81 and its 200-day moving average price is $1.73. Xunlei has a one year low of $1.36 and a one year high of $2.41.
Xunlei (NASDAQ:XNET - Get Free Report) last issued its earnings results on Tuesday, August 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%. The business had revenue of $79.33 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC increased its stake in Xunlei Limited (NASDAQ:XNET - Free Report) by 20.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,254 shares of the software maker's stock after acquiring an additional 30,515 shares during the period. Acadian Asset Management LLC owned about 0.27% of Xunlei worth $294,000 as of its most recent SEC filing. 5.07% of the stock is currently owned by hedge funds and other institutional investors.
About Xunlei
(
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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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