Xunlei Limited (NASDAQ:XNET - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.03 and traded as high as $2.18. Xunlei shares last traded at $2.15, with a volume of 93,392 shares.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Xunlei from a "buy" rating to a "strong-buy" rating in a report on Thursday.
Read Our Latest Stock Report on XNET
Xunlei Price Performance
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 firm's 50-day moving average price is $2.03 and its two-hundred day moving average price is $1.87. The firm has a market cap of $136.29 million, a PE ratio of 9.35 and a beta of 1.05.
Institutional Trading of Xunlei
A number of hedge funds have recently added to or reduced their stakes in XNET. Public Employees Retirement System of Ohio acquired a new stake in Xunlei in the third quarter valued at about $109,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Xunlei by 3.5% in the third 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. Finally, Rhumbline Advisers grew its holdings in Xunlei by 42.8% during the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker's stock worth $40,000 after acquiring an additional 7,220 shares during the period. 5.07% of the stock is owned by institutional investors and hedge funds.
About Xunlei
(
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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