StockNews.com downgraded shares of Xunlei (NASDAQ:XNET - Free Report) from a buy rating to a hold rating in a research note published on Monday morning.
Xunlei Price Performance
Shares of Xunlei stock traded up $0.21 during mid-day trading on Monday, reaching $3.34. 310,442 shares of the stock were exchanged, compared to its average volume of 428,810. Xunlei has a fifty-two week low of $1.46 and a fifty-two week high of $5.52. The firm has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $2.70. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The company has a market cap of $205.31 million, a price-to-earnings ratio of 14.52 and a beta of 0.81.
Xunlei (NASDAQ:XNET - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. The firm had revenue of $84.30 million during the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.65%.
Institutional Trading of Xunlei
Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new position in Xunlei during the 4th quarter worth $36,000. Russell Investments Group Ltd. acquired a new position in shares of Xunlei during the fourth quarter valued at $52,000. Sei Investments Co. bought a new position in Xunlei in the fourth quarter valued at about $53,000. Marshall Wace LLP acquired a new stake in Xunlei in the fourth quarter worth about $84,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Xunlei during the 3rd quarter worth about $109,000. Institutional investors and hedge funds own 5.07% of the company's stock.
Xunlei Company Profile
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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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