Xunlei Limited (NASDAQ:XNET - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.17 and traded as high as $3.10. Xunlei shares last traded at $2.98, with a volume of 582,173 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Xunlei from a "buy" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.
Read Our Latest Analysis on XNET
Xunlei Trading Down 3.1 %
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 $2.21 and a 200-day moving average price of $1.95. The stock has a market cap of $198.41 million, a P/E ratio of 13.61 and a beta of 1.06.
Institutional Trading of Xunlei
A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. bought a new position in Xunlei in the fourth quarter valued at $53,000. Public Employees Retirement System of Ohio bought a new position in shares of Xunlei during the 3rd quarter valued at $109,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 acquiring an additional 10,276 shares during the period. 5.07% of the stock is owned by institutional investors.
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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