StockNews.com downgraded shares of Xunlei (NASDAQ:XNET - Free Report) from a strong-buy rating to a buy rating in a report issued on Friday.
Xunlei Stock Up 13.0 %
Shares of XNET stock traded up $0.59 on Friday, hitting $5.13. The stock had a trading volume of 2,668,252 shares, compared to its average volume of 354,806. Xunlei has a one year low of $1.45 and a one year high of $5.51. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.22. The company has a market cap of $325.20 million, a PE ratio of 22.30 and a beta of 1.04. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04.
Institutional Trading of Xunlei
A number of institutional investors have recently made changes to their positions in XNET. Two Sigma Securities LLC acquired a new position in shares of Xunlei in the 4th quarter valued at $36,000. Russell Investments Group Ltd. purchased a new stake in Xunlei during the 4th quarter valued at about $52,000. Sei Investments Co. acquired a new position in shares of Xunlei in the fourth quarter valued at about $53,000. Marshall Wace LLP purchased a new position in shares of Xunlei in the fourth quarter worth about $84,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Xunlei during the third quarter worth about $109,000. Institutional investors and hedge funds own 5.07% of the company's stock.
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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