StockNews.com upgraded shares of Xunlei (NASDAQ:XNET - Free Report) from a hold rating to a buy rating in a research report released on Friday morning.
Xunlei Trading Up 3.1 %
XNET traded up $0.12 during trading on Friday, hitting $3.93. The company's stock had a trading volume of 335,566 shares, compared to its average volume of 437,274. Xunlei has a twelve month low of $1.46 and a twelve month high of $5.52. The firm's 50 day moving average price is $3.96 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The stock has a market cap of $241.58 million, a PE ratio of 17.09 and a beta of 0.81.
Xunlei (NASDAQ:XNET - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. The company 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
A number of institutional investors and hedge funds have recently made changes to their positions in XNET. Public Employees Retirement System of Ohio purchased a new stake in Xunlei during the third quarter valued at about $109,000. Sei Investments Co. acquired a new stake in Xunlei during the 4th quarter worth approximately $53,000. Russell Investments Group Ltd. acquired a new position in Xunlei during the fourth quarter valued at approximately $52,000. Marshall Wace LLP purchased a new stake in Xunlei during the fourth quarter worth approximately $84,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Xunlei in the fourth quarter worth $36,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.
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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