Xunlei (NASDAQ:XNET - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.
Xunlei Price Performance
Xunlei stock traded up $0.06 during midday trading on Thursday, hitting $1.95. 145,230 shares of the company's stock were exchanged, compared to its average volume of 121,940. 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 50-day moving average price of $1.95 and a two-hundred day moving average price of $1.79. The company has a market cap of $123.61 million, a P/E ratio of 8.52 and a beta of 1.07. Xunlei has a 52-week low of $1.45 and a 52-week high of $2.41.
Hedge Funds Weigh In On Xunlei
Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in Xunlei by 3.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker's stock valued at $555,000 after buying an additional 10,276 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Xunlei by 20.9% during the second quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker's stock valued at $294,000 after acquiring an additional 30,515 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Xunlei during the third quarter valued at $109,000. Finally, Rhumbline Advisers raised its position in shares of Xunlei by 42.8% in the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker's stock worth $40,000 after purchasing an additional 7,220 shares during the last quarter. 5.07% of the stock is currently owned by hedge funds and other institutional investors.
Xunlei Company Profile
(
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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